Revenue Note for Guidance
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.
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 —
Relevant Date: Finance Act 2021