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…
Read MoreSecondary 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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