Irish Revenue has published eBrief No. 016/18 on updated guidance concerning the 80% of income restriction for the deduction of capital allowances for intangible assets that was introduced as part of Ireland's Finance Act 2017.
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Capital allowances for specified intangible assets
Tax and Duty Manual Part 09-02-05 has been updated to reflect Finance Act 2017 amendments to section 291A of the Taxes Consolidation Act 1997 (Intangible Assets). These amendments include a restriction on the …