Irish Tax Appeals Commission Finds Disposal of Portfolio of Irish Mortgage Loans Constitutes Disposal of an Interest in Land Subject to Capital Gains Tax
Ireland's Tax Appeals Commission (TAC) has published Determination 72TACD2023 regarding Capital Gains Tax (CGT) on the disposal of a portfolio of Irish mortgage loans by a non-resident company. The mortgage loans comprising the Portfolio were loans advanced to individuals and one company and were secured over properties in Ireland.
In 2016, the non-resident company agreed to sell the portfoli…
Continue Reading