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Inheriting an asset

easydosh · 2012-01-03 01:13:04

Hi Ive just inherited a parcel of land valued at 300000euro divided by 4 ppl so approx 75000k each What are the capital Acquisition Tax under the new budget plands and how does this work?? What if some of us cant afford taxes of 7000k each how does this work?? Also what are Capital Gains Tax??

03-01-2012 1:13am

#1

easydosh

Closed Accounts Posts: 41 ✭

Join Date: January 2012

Posts: 25

Hi
Ive just inherited a parcel of land valued at 300000euro divided by 4 ppl so approx 75000k each

What are the capital Acquisition Tax under the new budget plands and how does this work?? What if some of us cant afford taxes of 7000k each how does this work??

Also what are Capital Gains Tax??

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Comments

#2 03-01-2012 1:50am

robd

Registered Users, Registered Users 2 Posts: 951 ✭✭✭

Join Date: January 2007

Posts: 939

The whole thing is covered here:

http://www.citizensinformation.ie/en/money_and_tax/tax/capital_taxes/capital_acquisitions_tax.html

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