Irish Revenue has issued eBrief No. 307/24 on new guidance concerning leasing ringfences, Tax and Duty Manual 12-04-02 – Leasing Ringfences – Sections 403 and 404 Taxes TCA 1997.

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Introduction

This manual is a guide to the leasing ringfences in sections 403 and 404 of the Taxes Consolidation Act 1997.

The ringfences aim to prevent the creation of tax advantages using leasing structure…