Thomas Pringle (Donegal South West, Independent)
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263. To ask the Minister for Finance when persons retire, the point at which their self-employment status ends; and if he will make a statement on the matter. [33240/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that where a self-employed individual ceases his or her trade or profession then for the purposes of the Tax Acts that individual is chargeable to tax on any profits or gains up to that date of cessation. In the year in which the cessation occurs the individual, in general, will be a chargeable person for the purpose of the Taxes Acts and will be required to submit a return by the relevant due date. In addition, notwithstanding the cessation, such an individual is also required to maintain the books and records of the trade or profession for a period of six years from the date of a transaction which arose in the trade or profession.