Roll-over Relief and 'taxi plates'
06/04/1974
Query
Does the proceeds of disposal of a 'taxi plate' qualify for rol-over relief under S.597?
Decision
No. A 'taxi plate' does not come within the qualifying assets set out in S.597(3) TCA 1997. It has been claimed that a 'taxi plate' is 'goodwill' or alternatively that it is 'plant'. Revenue do not accept this.
Capital Gains Tax
Section 597, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:G.63