Revenue E-Brief Issue 102/2015, 16 October 2015
The appointment of a receiver is one of the ways by which a lender can enforce a mortgage or charge.
Revenue's Income Tax, Capital Gains Tax and Corporation Tax Manual has been updated by the insertion of a new Part 04.00.01 to provide guidelines in relation to the tax consequences that arise when a receiver is appointed over, or a mortgagee takes possession of, assets.
These guidelines deal with receivers and mortgagees in possession, other than Court appointed receivers.
16 October 2015