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Updated Revenue Guidance and Practice Note on clearance on the disposal of land
The Taxation Committee has an update on Revenue Guidance and new Practice Note related to tax clearance for non-resident vendors.
The Taxation Committee would like to draw the attention of practitioners to the updated Revenue Guidance on requests for clearance on the disposal of land and buildings by non-resident vendors (TDM Part 45-01-05).
A new Taxation Committee Practice Note has issued in tandem with this updated guidance. The Practice Note addresses (inter alia) disposals of property for a non-resident vendor where there is a secured charge and disposals where the solicitor is not possessed of funds, and includes a number of recommendations.
- See the Practice Note: Changes to Tax and Duty Manual (TDM) Part 45-01-05
