CAB Seeks Seizure of Martin Foley’s Home Over €1 Million Tax Debt
Dublin Man Fights to Keep Home Amidst Nearly $1 Million Tax Debt
dublin, Ireland – A 74-year-old Dublin man is facing the potential loss of his home as the Criminal Assets Bureau (CAB) seeks to seize the property to settle a nearly $1 million tax debt.
Martin Foley, a pensioner residing in Kimmage, dublin 12, is locked in a legal battle with CAB over the Cashel Avenue home he shares with his wife, Sonia. The CAB obtained a judgment against Foley for €916,960 in unpaid income tax and interest, a sum that has now ballooned to almost €1 million with accruing interest charges.
foley, represented by barrister Keith Farry and Dundalk Solicitor James MacGuill, argues that he has no other assets and that any previous possessions have already been seized to repay debts. He claims the Kimmage property is his only remaining asset.
His wife, Sonia Foley, is also fighting to protect their home. Represented by barrister John Temple and Roscommon Solicitors Staunton Caulfield,she maintains that the property is her family home and principal residence. In an affidavit, she stated she is an unemployed social welfare recipient with no connection to her husband’s debt.
“It is my only property, my home, and based on my age, income, and financial position, there is no reality to me purchasing a new home,” she stated.”I have at least a 50 percent interest in the family home.”
CAB, represented by counsel Shaula Connaughton Deeny, is seeking a well-charging order against the property, which woudl allow them to possess and sell it to recover the outstanding debt. The bureau claims Foley is the registered owner of the property with his late wife, Pauline Foley.
Judge Geoffrey Shannon, presiding over the case, has adjourned the matter until early March to allow for the submission of additional evidence. The outcome of this legal battle will determine whether the Foleys can retain their home or if it will be seized to satisfy the substantial tax debt.
Dublin Pensioner Faces Home Seizure Over €1 Million Tax Debt
dublin,Ireland – A 74-year-old Dublin pensioner,Martin Foley,is battling to prevent the seizure of his home by the Criminal Assets Bureau (CAB) over a nearly €1 million tax debt.
CAB obtained a judgment against Foley for €916,960 in unpaid income tax and interest, a figure which has since escalated due to accruing interest. Foley, represented by barrister Keith Farry and Dundalk solicitor James MacGuill, claims the Kimmage property he shares with his wife, Sonia, is his only remaining asset, as previous possessions were seized to repay debts.
Sonia foley, represented by barrister John Temple and Roscommon solicitors Staunton Caulfield, emphasizes that the property is her family home and principal residence. She states she is an unemployed social welfare recipient with no connection to her husband’s debt and argues that she has at least a 50 percent interest in the home.
CAB, represented by counsel Shaula Connaughton Deeny, seeks a well-charging order against the property, which would allow them to possess and sell it to recover the outstanding debt. They argue that Foley is the registered owner of the property, jointly owned with his late wife, Pauline Foley.
Judge Geoffrey Shannon has adjourned the case until early March to allow for the submission of additional evidence. the court’s decision will determine whether the Foleys can retain their home or if it will be seized to satisfy the substantial tax debt.