Spanish firm wins €900,000 tax appeal over M4/M6 motorway

Cintra's sale of its shareholding in toll road consortium was at the centre of Revenue's capital gains tax demand

Lawyers for Revenue had claimed Cintra had excavated the land, built the motorway, and regulated the use of the land by motorists. Picture: Laura Hutton/RollingNews.ie

A Spanish company has successfully appealed a tax bill of almost €900,000 issued by Revenue over the sale of its shareholding in the Eurolink consortium that built and operated the M4/M6 Kinnegad-Kilcock motorway.

The Tax Appeals Commission (TAC) has ruled in favour of Cintra, a leading global transport infrastructure provider, against an assessment for €868,388 in capital gains tax in 2016.