Byrner
04-24-2008, 03:21 PM
Revenue is to seek new powers to compel auctioneers and estate agents to hand over details of Irish people who have bought properties abroad.
Chairman Josephine Feehily said Revenue was currently investigating 2,000 foreign property purchases.
In addition, Revenue said that it would be using a new high-powered computer based system to examine the lifestyles of 700,000 tax payers this year to see if they match their tax profiles.
Ms Feehily also said that she would not be surprised if, in some cases, the estates of deceased tax payers were to take legal action in relation to the penalties which Revenue may have imposed in certain tax settlements.
News Source: http://www.rte.ie/business/2008/0424/revenue.html
Chairman Josephine Feehily said Revenue was currently investigating 2,000 foreign property purchases.
In addition, Revenue said that it would be using a new high-powered computer based system to examine the lifestyles of 700,000 tax payers this year to see if they match their tax profiles.
Ms Feehily also said that she would not be surprised if, in some cases, the estates of deceased tax payers were to take legal action in relation to the penalties which Revenue may have imposed in certain tax settlements.
News Source: http://www.rte.ie/business/2008/0424/revenue.html