Rented residential relief
16/07/1992
Query
Can a person who obtains a property by way of distribution in specie qualify for rented residential relief?.
Decision
Where the ownership of a lessor’s interest passes by way of a distribution in specie the person to whom that interest passes will, subject to meeting all other conditions of Section 345 Taxes Consolidation Act 1997, be entitled to rented residential relief
Income Tax
Section 345, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT923004