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Two weeks left to comment on the abolition of "Section 23" |
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Written by Mícheál O'Dowd
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Wednesday, 13 July 2011 18:14 |
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We noted in January that Budget 2011 provided for restrictions on “Section 23” type relief. This was tempered somewhat by the Finance Ac t which required that an impact assessment be carried out before the measures suggested in the Budget were implemented. Interested parties, and particularly those who bought property on the basis of tax incentives are invited to engage proactively with the Department of Finance on the issue. Further information and the consultation paper may be downloaded from the Department of Finance.
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