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Commentary

IR2.3.5 Withholding tax

Republic of Ireland

Pursuant to TCA 1997, s 980, where the consideration on the sale of non-residential property exceeds EUR 500,000, the vendor will need to obtain a clearance certificate to ensure that on closing the purchaser does not operate the withholding procedure in respect of 15% of the consideration.

Where the property being sold consists of a residential

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