Thirty Million Tax Deduction Denied

A Northern Irish construction firm’s owners just lost a high-stakes tax appeal after trying to deduct £33 million paid to Ireland’s Nama in 2011 — money from the sale of a London property they redeveloped. The court upheld a prior ruling, rejecting their claim that the payment qualified as a business expense. Behind the case lies a complex web of companies controlled by Seamus McAleer and Eamonn Laverty, who personally guaranteed the debt to Nama, putting their empire at risk during the financial crash. The Upper Tribunal found no legal or factual error in the original decision — meaning the massive tax break is officially off the table. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/62e4f3c84c69406a