Revenue eBrief No. 033/21
18 February 2021
Capital Gains Tax (CGT) - Deduction from consideration on disposal of certain assets (S.980)
Tax and Duty Manual Part 42-03-01 - Deduction from consideration on disposal of certain assets - has been updated to provide:
- guidance on the online eCG50 application processing system and updates to paper based applications
- clarity for the application to disposals by way of gift
- clarity on the interaction of sections 615, 617 and 980
- guidance for applications in specific circumstances.