Revenue eBrief No. 233/20
22 December 2020
Transfers of assets, other than trading stock, within group (S.617)
Tax and Duty Manual Part 20-01-04 - Transfers of assets, other than trading stock, within group - has been updated to clarify the practice in relation to non-resident groups.
Paragraph 4.5 has been updated to reflect that section 617 was amended by section 31 Finance Act 2017 to provide for the application of relief under section 617 in respect of certain transfers involving non-resident groups from 1 January 2018.
As this matter is now dealt with in legislation, the practice of availing of the relief based on a submission to Revenue is now withdrawn and will cease to apply to transfers from 1 January 2021.