Friday August 7, 2020

Revenue to target CGT evaders

Thousands of people who offloaded investment properties last year are being targeted by the Revenue Commissioners for unpaid capital gains tax (CGT).

31st October, 2009

Thousands of people who offloaded investment properties last year are being targeted by the Revenue Commissioners for unpaid capital gains tax (CGT).

Revenue is writing to an initial 7,000 people outlining the law in relation to CGT liability.

The first tranche of letters went out in recent days. There is no CGT liability on the sale of a principal residence, but Revenue has obtained evidence that a significant number of individuals never paid CGT on the...

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