Tax Appeals Commission determination 01TACD2021 regarding Capital Gains Tax, 2021

• Administrative Decision Number: 01TACD2021
• Year: 2021
• Date: 21 October 2020
• Respondent: THE REVENUE COMMISSIONERS

01TACD2021

BETWEEN/

[APPELLANT]

Appellant

-and-

THE REVENUE COMMISSIONERS

Respondent

DETERMINATION

Appeal

[1] This is an appeal against a Notice of Amended Assessment to Capital Gains Tax

for the year 2016 dated 27 February 2019. The amount of the chargeable gain is €305,021.

The amount of tax payable is €100,237. A Notice of Appeal was received by the Tax

Appeals Commission on 15 March 2019.

Background

[2] The Appellant was the Respondent in High Court family law proceedings

commenced by his former spouse in 2012. The Appellant and his former spouse were

legally represented in those proceedings. On [redacted] 2016, the parties signed an ‘Interim

Settlement’. On the same date, the High Court granted a decree of judicial separation to the

Appellant and his former spouse and deemed the Interim Settlement to be part of the Order