A briefing issued by the south western branch of the Irish Tax Institute in October 2015 indicated that the Revenue commissioners were taking a look at the Kerry shares.

“Revenue noted certain issues in relation to the disposal/transfer of Kerry co-op shares. Revenue has a database of share values at different times, if advisers need assistance in calculating (Capital Gains Tax) CGT or (Capital Acquisition Tax) CAT arising on a disposal, Kerry District can be contacted in this regard.”