On 6 June 2017, Irish Revenue published eBrief No. 56/17 on revisions to the Tax and Duty Manual regarding anti-avoidance provisions in relation to interest as a charge on income, as well as and the availability of relief for acquired shares.
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Tax and Duty Manual Part 08-02-01 dealing with charges on income for Corporation Tax purposes has been updated. The principal updates are in relation to interest as a charge on income under section 247 Taxes Consolidation Act 1997. In particular, …