Taxes Consolidation Act 1997 section 916

Returns by party to a settlement

Section 916 empowers the Revenue Commissioners to require parties to a settlement to provide information relevant to capital gains tax.

  • Revenue may issue a written notice to any party to a settlement seeking particulars about that settlement.
  • The information requested must be whatever Revenue considers necessary for capital gains tax purposes.
  • The person receiving the notice must comply within the time limit specified by Revenue.
  • The time allowed to respond cannot be less than 28 days from the date of the notice.

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