Revenue Note for Guidance

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Revenue Note for Guidance

Taxation of Chargeable Gains


Principal Provisions Relating to Taxation of Chargeable Gains


Assets and acquisitions and disposals of assets


This Chapter provides for such matters as the meaning of “assets” for the purposes of the Capital Gains Tax Acts and the rules for the determination of the location of certain assets. It also contains rules to extend the concept of what constitutes a “disposal” for capital gains tax purposes.

532 Assets

A charge to capital gains tax can only arise where there is a disposal of an asset. All forms of property are assets for the purposes of the Capital Gains Tax Acts whether situated in or outside the State. The following are specifically included as assets —

  • (a) options, debts and incorporeal property generally,
  • (b) any currency other than the currency of the State, and
  • (c) any property which has not been acquired by the person owning it (for example, business goodwill or copyright).

Relevant Date: Finance Act 2021