Irish Revenue has issued eBrief No. 030/21 concerning updated guidance on the revised entrepreneur relief for capital gains tax.
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Revenue eBrief No. 030/21 Capital Gains Tax (CGT) Revised Entrepreneur Relief
Tax and Duty Manual Part 19-06-02b has been updated to reflect an amendment made to entrepreneur relief by section 24 of the Finance Act 2020. The requirement for an individual to have owned a holding of at least 5% of the ordinary share capital is amended so that the shares can q…