Taxes Consolidation Act 1997 section 610

Other bodies

Section 610 exempts certain State-funded and statutory bodies from capital gains tax on chargeable gains.

  • Bodies listed in Part 1 of Schedule 15 are fully exempt from CGT — any gain accruing to them is not a chargeable gain.
  • Bodies listed in Part 2 of Schedule 15 are exempt only in respect of disposals to the Interim Milk Board.
  • Part 1 includes a wide range of bodies such as the Central Bank, NTMA, NAMA, IDA Ireland, the HSE, local authorities, and various tourism and development agencies.
  • Part 2 is confined to a small number of milk-related bodies, including the Dublin and Cork District Milk Boards and two associated companies.

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