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CGT - Any rollover reliefs left

flash harry · 2010-06-18 10:14:20

Hi All Anyone up to date on CGT, Im a lapsed accountant but have friend asking me - basically someone wants to sell a small premises for a couple hundred thousand and redistribute to his kids. Retirement relief is out from what i understand as an investment property. Can they roll over the proceeds to governement bonds and…

18-06-2010 10:14am

#1

flash harry

Closed Accounts Posts: 511 ✭✭✭

Join Date: January 2004

Posts: 440

Hi All

Anyone up to date on CGT, Im a lapsed accountant but have friend asking me - basically someone wants to sell a small premises for a couple hundred thousand and redistribute to his kids.

Retirement relief is out from what i understand as an investment property. Can they roll over the proceeds to governement bonds and ultimately leave it tax free in will?

Any other options?

Thanks

FH

0

Comments

#2 18-06-2010 10:29am

dbran

Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭

Join Date: October 2004

Posts: 2041

Hi

Rollover relief is essentialy gone since 2002 unless the property was rolled over before this date.

Kind Regards

dbran

0