On 27 October 2015, Irish Revenue published eBrief No. 105/15, which provides clarification on when section 980 of the Taxes Consolidation Act 1997 does not apply to the disposal/sale of assets. Section 980 requires the purchaser of certain assets to deduct and pay 15% capital gains tax unless the vendor produces a clearance certificate.

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Clarification of circumstances where CGT clearance…