Businessman selling home to clear debt
Published 13/04/2011 | 05:00
A BUSINESSMAN who spent time in jail while not tax-compliant offered to sell his own house when he appeared in court yesterday for failing to clear his debt to Revenue.
Tadhg Feeney, of Jerpoint West, Thomastown, Co Kilkenny, had agreed to make staged payments to Revenue to cover his tax bill of over €1.1m.
However, Kilkenny Circuit Court heard yesterday that Feeney still owed €737,100 after the property market collapse left him in financial difficulties.
The court heard that up to €500,000 of the debt owed by Feeney was in interest and penalties to Revenue.
Auctioneer Seamus Callinan said he tried to sell five properties for Feeney but no bidders attended the auction.
Feeney said he was "quite prepared" to sell his own house in Kilkenny to meet Revenue's demands. He has no mortgage on this property.
Judge Olive Buttimer adjourned the case until October.