Revenue E-Brief

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Revenue E-Brief Issue 03/18, 05 January 2018

Section 135 TCA - Anti-avoidance

Section 23 of Finance Act 2017 amended Section 135 TCA to introduce two new anti-avoidance subsections, (2A) and (3A). The provisions represent anti-avoidance measures designed to counter schemes whereby individuals were extracting value from a company as capital as opposed to income.

A new manual Part 06-02-05 has been published on the Revenue website to provide guidance on the new measures.

05 January 2018