Revenue to share property data internationally to prevent tax evasion 

Agreement allows Revenue to exchange information with other tax authorities on property ownership, acquisition and disposal transactions, and recurrent income derived from property

Tánaiste and finance minister Simon Harris said through this agreement 'Ireland will become an early adopter of an important tax transparency initiative which may be a foundation on which further action can be built'. 

The Irish Government has committed to an international agreement that will enable the Revenue Commissioners to share data on property ownership, as well as income derived from property, in a bid to prevent tax evasion.

The agreement, entitled the Multilateral Competent Authority Agreement on Automatic Exchange of Readily Available Information on Immovable Property (IPI MCAA), allows Revenue, as well as its counterparts in other countries, to exchange readily available information with other tax authorities on property ownership, acquisition and disposal transactions, and recurrent income derived from property.