Early retiree and company owner wins €300,000 tax battle with Revenue

Case concerns a €750,000 sale of zoned land at the edge of a village

The dispute concerned the valuation of a 5.38 acre site at the edge of a village that the man’s own company purchased from him for €750,000 in 2017. File picture: Laura Hutton

An early retiree and company owner has won a €300,000 income tax battle with the Revenue Commissioners concerning a €750,000 sale of zoned land at the edge of a village.

It follows the Tax Appeals Commission (TAC) upholding the man’s income tax appeal against the €299,587 assessment the Revenue Commissioners served on him in 2017 arising from the sale.