Forestry owner wins €1.4m CGT row with Revenue

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Forestry owner wins €1.4m CGT row with Revenue
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Dispute related to sales of land worth €10m over two transactions

Accordingly, she said, Revenue was incorrect to raise the assessments. She found that Revenue’s “valuations carry little persuasive value”.

The appellant paid €141,031 CGT on the sale but Revenue determined the correct bill should have €941,431 – a difference of €800,400. By contrast, Ms Millrine found the evidence of Revenue’s expert witness “to have little persuasive value”. She said the witness was not particularly objective or impartial in his approach, where he was unwilling to consider his opinion in light of new facts arising.

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