A colleague of mine is buying about 15 acres of land. The vendor lives and works in the UK. Colleague wants to complete deal asap but delays keep cropping up. Last one was the need for the vendor to apply for a PPS.
Now the delay is due to vendor having a need for a Tax Clearance Certificate from the Irish Revenue. This presumably is in order for full amount of money to be paid over without the deduction of tax at source.
Can any legal eagle out ther confirm that this is the correct procedure in this circustance and that the solicitor involved in this conveyancing transaction is obliged to withhold tax if a Tax Clearance Cert. is not provided?
How long should it take for a Tax Clear. Cert to issue??
Many Thanks
Now the delay is due to vendor having a need for a Tax Clearance Certificate from the Irish Revenue. This presumably is in order for full amount of money to be paid over without the deduction of tax at source.
Can any legal eagle out ther confirm that this is the correct procedure in this circustance and that the solicitor involved in this conveyancing transaction is obliged to withhold tax if a Tax Clearance Cert. is not provided?
How long should it take for a Tax Clear. Cert to issue??
Many Thanks