Revenue eBrief No. 064/25

14 March 2025

Requests for Clearance – Disposal of Land and Buildings (i.e. Specified assets) by non-resident vendors

Tax and Duty Manual Part 45-01-05– Capital Gains Tax and Non-Resident Vendors has been updated as follows:

• The title has been updated to “Requests for Clearance – Disposal of Land and Buildings (i.e. Specified assets) by non-resident vendors” to better reflect the detail contained within.
• Section 2 has been updated, inserting clarifications on disposal of assets listed at Section 29(3)(a) TCA 1997 by a non-resident vendor, the role of the representative, and the clearance process.
• Section 4 has been updated, inserting 4.1.1 and 4.1.2 relating to disposals of property with a secured charge.  These set out the clearance process for disposals where sufficient or insufficient sales proceeds remain following redemption of the secured charge to discharge any Capital Gains Tax liability.
• Section 4.2 has been amended to provide clarity on the clearance process, Revenue’s action on receipt of clearance submissions and the 35 working day timeline to review such submissions.
• Section 6 has inserted a summary table providing a list of scenarios that may be encountered when dealing with disposals by non-resident vendors.