By continuing your visit to this site, you accept the use of cookies. These ensure the smooth running of our services. Learn more.


Lease scheme to avoid tax ruled invalid in Ireland

The Irish Times reported that a lease between the partners in a development and another company established by them to avoid paying VAT was invalid, because of the absence of prior written consent of the mortgagee. In addition, the lease and leaseback had no commercial reality and constituted an abusive practice under EU law, rendering invalid the VAT classification on the transaction.


13:01 Posted in Ireland | Permalink | Comments (0)

The comments are closed.