The High Court delivered its judgment in the case of Desmond O’Sullivan v Revenue Commissioners [2021] IEHC 118 on 22 February 2021. The case concerned the validity of the determination by the Tax Appeals Commission (TAC) that the appellant had not satisfied the burden of proof necessary to support his assertion that he had invested €700,000 in the Santa Maria Property Partnership (SMP) and could therefore avail of loss relief under s381 TCA 1997.
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