Revenue eBrief No. 192/22

24 October 2022

Requests for clearance to distribute sales proceeds to non-resident vendors

Revenue has published Tax and Duty Manual (TDM) Part 45-01-05 - Requests for Clearance - Capital Gains Tax and Non-Resident Vendors. This TDM outlines the process whereby a representative acting on behalf of a non-resident vendor in respect of the disposal of a specified asset can request clearance from Revenue to distribute the sales proceeds. The new process outlined in this TDM applies from 24 October 2022 and will be subject to ongoing review by Revenue.

The TDM sets out:

  • how the clearance request should be submitted, and
  • the necessary documentation that must accompany a valid clearance request.