Revenue steps up tax probe on overseas homes

Thousands of Irish owners of overseas properties are to receive letters from the Revenue Commissioners over the coming months demanding to know if the money used to buy them was declared for tax.

10th May, 2008

Thousands of Irish owners of overseas properties are to receive letters from the Revenue Commissioners over the coming months demanding to know if the money used to buy them was declared for tax.

The Irish tax authority is in the process of compiling a major database of foreign property transactions involving Irish residents, and it expects to issue letters seeking information over the coming months.

It will ask the individuals if the money involved in...

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