Listowel Races wins case over tax status

Company had appealed Revenue decision it did not qualify for 'sporting exemption', saying it was not established for the sole purpose of promoting an athletic or amateur game or sport

Judge ruled tax appeal commissioner was not correct in determining Listowel Race Company did not exist for the sole purpose of promoting athletic games or sports. File picture: Domnick Walsh

A company which operates the Listowel Races in Kerry has won a High Court case over the Revenue's refusal to grant it exemption from certain corporation or income tax as a sporting body.

Listowel Race Company Ltd had appealed a Revenue decision that it did not qualify for what is known as the "sporting exemption" under the 1997 Taxes Consolidation Act.