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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 18 December 2013 - onwards
  Version 2 of 2    

960R. Power to require statement of affairs, security, etc.

(1) In this section -

'asset' includes any interest in an asset;

'market value', in relation to property, means the price which that property might reasonably be expected to fetch if sold in the open market;

'prescribed' means prescribed by the Revenue Commissioners;

'specified date', in relation to a notice under subsection (3), means the date specified in the notice.

(2) For the purposes of this section, the cost of acquisition to a person of an asset shall include -

(a) the amount or value of the consideration, in money or money's worth, given by the person or on the person's behalf for the acquisition of the asset, together with the incidental costs to the person of the acquisition or, if the asset was not acquired by the person, any expenditure incurred by the person in acquiring the asset, and

(b) the amount of any expenditure incurred on the asset by the person or on that person's behalf for the purpose of enhancing the value of the asset, being expenditure reflected in the stat

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