Non-Resident CGT Clearance
(Letter of No Audit)
Helping solicitors and non-resident clients meet Revenue requirements before releasing sale proceeds
What Is Non-Resident CGT Clearance?
When a non-resident vendor sells Irish land, buildings, or other specified assets, Revenue clearance is required before the solicitor can release the proceeds.
This process, often called a “Letter of No Audit”, confirms that Revenue is satisfied with the Capital Gains Tax (CGT) position.
Without clearance, solicitors may face personal liability if funds are released prematurely.
At Richard OShea Consultancy, we help solicitors and non-resident vendors prepare and submit all documentation needed for CGT clearance, ensuring compliance and a smooth transaction process.
How We Help
We work closely with solicitors and clients to handle the entire clearance process:
- Review documentation related to the sale
- Calculate any potential Capital Gains Tax liability
- Prepare and submit the Letter of No Audit request to Revenue
- Liaise with Revenue on any follow-up queries
- Assist with CG50 clearance, where applicable
- Provide guidance on next steps if a phased payment arrangement is required
Why It Matters
- Avoid Delays: Clearance ensures funds can be released without hold-ups.
- Stay Compliant: Solicitors avoid personal liability under Irish tax law.
- Peace of Mind: Vendors can complete sales knowing Revenue requirements are met.
- Professional Support: Each step handled by an experienced Chartered Accountant.
Next Step
Who Needs This Service?
- Non-resident individuals or companies selling Irish property or land
- Solicitors acting for non-resident vendors in property transactions
- Accountants or tax agents assisting clients with CGT compliance
- Executors or trustees managing the disposal of inherited property
Frequently Asked Questions
Do all non-resident property sales require clearance?
Yes, in most cases. Revenue must confirm that the CGT position is settled before funds can be released.
How long does the process take?
Revenue typically reviews applications within 35 working days, though this depends on documentation completeness.
Is this the same as CG50 clearance?
Not exactly. The Letter of No Audit focuses on Revenue’s review of CGT liability, while CG50 clearance relates to withholding under Section 980.
Can you handle the application on behalf of my client?
Yes, we act as authorized tax agents for solicitors and clients to manage the process from start to finish.
Need help with a non-resident CGT clearance?
Let Richard OShea Consultancy handle the process so you can focus on your client’s transaction with confidence.
Helpful Resources
CG50 Clearance Certificate: What Sellers of Irish Property Need to Know
If you’re selling Irish property over €500,000 (€1m for residential), you may need a CG50 Clearance Certificate from Revenue. Here’s how to apply and avoid withheld funds.
Non-Resident CGT Clearance Ireland for Selling Irish Property
If you’re selling Irish property as a non-resident, you’ll need CGT clearance before your solicitor can release funds. This guide explains the process, timelines, and how to avoid costly delays.
