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CGT Retirement Relief Anit Avoidance

censuspro · 2009-05-27 14:53:06

Does anyone know the anti avoidance (AA) to prevent an owner/sharholder selling his shares to a related entity to avail of retirement relief for CGT? e.g. I decide to sell shares in my own company to a company that I am a majority shareholder. I cant seem to find the section in the act.

27-05-2009 2:53pm

#1

censuspro

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Does anyone know the anti avoidance (AA) to prevent an owner/sharholder selling his shares to a related entity to avail of retirement relief for CGT? e.g. I decide to sell shares in my own company to a company that I am a majority shareholder.

I cant seem to find the section in the act.

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Comments

#2 01-06-2009 9:22pm

CheltenhamJ

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The main anti avoidance section is S817 TCA 1997, it seeks to tax as income a capital event. It can sometimes be difficult to enforce and there are ways to protect against implementation

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