Tom Neville (Limerick County, Fine Gael)
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100. To ask the Minister for Finance the status of shares in a cooperative (details supplied); and if he will make a statement on the matter. [27404/18]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that it raised tax assessments for the years 2011, 2012 and 2013 against individuals who hold patronage shares that were issued by the entity in question.

However all collection has been deferred while a ‘test case’ in regard to the taxability of such shares is being considered by the Tax Appeals Commission. The Tax Appeals Commission, which is an independent body, heard the particular case on 22 November 2017 but has not yet delivered its decision.

Revenue has confirmed that it will take no further action on the assessed cases until the decision of the Tax Appeals Commission becomes available for consideration.