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Saturday 23 August 2014

Lowry says payment in taped conversation was declared for tax

Fionnan Sheahan

Published 24/02/2013 | 17:40

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Michael Lowry

INDEPENDENT TD Michael Lowry says a payment referred to in a taped conversation with a land agent was declared for tax.

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A recording of a telephone conversation between the disgraced former Fine Gael minister and Northern Ireland-based land agent Kevin Phelan was

obtained by the Sunday Independent.

Central to the conversation is a sum of Stg£250,000 which Mr Lowry says he paid to Mr Phelan. Mr Lowry said on the tape: "I never declared it."

The conversation took place on September 30, 2004.

In a statement, Mr Lowry says the payment in question was made by his company on his behalf.

"That transaction was properly recorded and accounted for in the records and accounts of Garuda Limited. The payment referred to is fully tax

compliant," he said.

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