Irish Revenue has recently published the following eBriefs:
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Revenue eBrief No. 143/18 - Loans applied in acquiring an interest in a company
The contents of Tax and Duty Manual Part 08-05-02 - Loans applied in acquiring an interest in a company - are no longer relevant.
Section 248 of the Taxes Consolidation Act 1997 provided tax relief for interest paid on loans applied in acquiring equity in, or giving a loan to, certain types of companies.
Relief under section 248 is not availab…