Former MD 'struggling to survive emotionally' fails in €317,212 tax battle with Revenue

The Revenue last year issued a bill for an underpayment of €288,465 in CAT along with €28,846 surcharge

None of the documentation states that the appellant was at any time permanently and totally incapacitated.

A former Managing Director, struggling to survive 'emotionally’, has lost an appeal against a €317,312 bill for Capital Acquisitions Tax (CAT) which arose from the bequest of a house from his aunt.

The man’s aunt died in 2017, and her nephew inherited a home from her, but following an investigation, the Revenue Commissioners last year issued a bill to the man for an underpayment of €288,465 in CAT, along with €28,846 surcharge for a late submission return.