Revenue Precedent

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Revenue Precedents

Whether value received for the purposes of subsection 3(b) where a director's loan is repaid? Yes. 319.21(4)

Does the provision of company cars for directors as part of the remuneration package, where the directors are assessable to tax under Schedule E in respect of the benefit, constitute value received from the company? No, provided the level of benefit does not exceed the generally accepted levels. 2273/87

Would a payment of “hello money” which is not outside of the industry norm, be regarded as value received as provided for in this section? No 6151/94

Would the issue of bonus shares be regarded as value received? No, where the overall value of the individual shareholding is not increased. 6081/96