Archive for December 2021

Notice of Assessments and CGT

Just a quick note. Payment of income tax is by means of self-assessment. Any assessment other than a self-assessment is known as a Revenue Assessment (959C(1) TCA). When a CGT computation is submitted to the Revenue in the normal course and outside of the context of income tax returns, the Revenue treat this as a…

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Secondary Liability of Solicitors for Capital Gains Tax

There is a potential that solicitors may be secondarily liable for capital gains tax in relation to disposals by non-residents. S 1034 of the Taxes Consolidation Act 1997 states that non-residents are liable to income tax of their agents. A similar provision is contained in s. 1035 of the TCA. While these sections relate to…

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