Revenue has updated the Capital Acquisitions Tax Manual which provides an overview of the valuation date for Capital Acquisitions Tax purposes. The updated guidance reflects amendments made by Finance (No 2) Act 2023 whereby the clawback periods for agricultural relief and business relief now commence on the valuation date.
In addition, the phrase "In the context of real property" has been removed in paragraph 8.2.2 to clarify that section 13 CATCA 2003 applies to any property that is held under a joint tenancy.
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