Diplomatic Agents - Personal Assets
10/07/1997
Query
Calculation of liability in respect of assets disposed of after leaving Ireland.
Decision
A Diplomatic Agent is exempt in respect of gains on assets other than investments made in commercial undertakings in the State. In practice, this exemption will be treated as covering a period of up to one year after the end of their posting. If the disposal is at a later date, the gains will be apportioned.
Capital Gains Tax
Section 29, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:G54(1)