Revenue Note for Guidance

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Revenue Note for Guidance

628 Value of certain assets to be accepted for purposes of Capital Gains Tax Acts

This section provides that the value of the assets referred to in Article 5(1) of the Directive which is accepted at the time the assets are transferred to the State shall be treated as the acquisition cost of the assets unless that value does not reflect the market value of the assets.

Relevant Date: Finance Act 2021