Saturday June 6, 2020

CGT returns come under fresh Revenue scrutiny

The Revenue Commissioners are to step up their efforts to prevent possible tax avoidance by self-employed people seeking to convert income to capital gains.

9th June, 2007

The Revenue Commissioners are to step up their efforts to prevent possible tax avoidance by self-employed people seeking to convert income to capital gains.

The Sunday Business Post has learned that the Revenue will be examining closely how unquoted shares and property are valued as part of its effort to ensure compliance with the relevant tax heads.

The move comes amid renewed concern that the sharp rise in receipts from capital gains taxes in recent...

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