Revenue alerted to cash surge into foreign property

A string of international tax authorities have made unprompted contact with the Revenue Commissioners following a recent surge in the purchase of foreign property by Irish residents.

Ian Kehoe - avatar

Ian Kehoe

10th August, 2013

A string of international tax authorities have made unprompted contact with the Revenue Commissioners following a recent surge in the purchase of foreign property by Irish residents.

Internal documents reveal that Revenue has received a "number of spontaneous exchanges of information" from other countries, on foot of the property dealings of Irish residents.

The move has prompted a major focus by Revenue into the overseas property dealings of Irish citizens, with the tax authority investigating...

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