Capital Acquisitions Tax Consolidation Act 2003 section 45

Accountable persons

Section 45 identifies the persons who are accountable for payment of Capital Acquisitions Tax and sets out Revenue's powers to recover the tax and to inspect relevant records.

• The accountable person is the donee or successor, or where a future interest is transferred before it becomes an interest in possession, the transferee under section 32(2).
• Revenue can recover the tax by serving a written notice of assessment on the accountable person or, where that person has died, on their personal representative.
• The accountable person or their personal representative has power to raise the tax amount and related expenses by selling, mortgaging, or placing a terminable charge on the property, whether or not the property is vested in them.
• Any public officer who holds relevant records, whether in paper or electronic form, must allow an authorised Revenue officer to inspect, copy, and take extracts from those records at all reasonable times.