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Deed of transfer - Certificate 8C

WexTK · 2012-03-25 15:55:17

Hi, was looking at Certificate 8C on a Deed of Transfer for some farmland and was wondering if anyone could decipher it in layman's terms. "It is hereby certified that the consideration (other than rent) for the sale/lease is wholly attributable to property which is not residential property and that the transaction…

25-03-2012 3:55pm

#1

WexTK

Closed Accounts Posts: 153 ✭✭

Join Date: March 2011

Posts: 83

Hi,
was looking at Certificate 8C on a Deed of Transfer for some farmland and was wondering if anyone could decipher it in layman's terms.

"It is hereby certified that the consideration (other than rent) for the sale/lease is wholly attributable to property which is not residential property and that the transaction effected by this instrument does not form part of a larger transaction or of a series of transactions in respect of which the amount or value, or the aggregate amount or value, of the consideration (other than rent) which is attributable to property which is not residential property exceeds €80,000."

Fathers can intend on gifting a young trained farmer son/daughter a portion of the farmland at one point in time and the reminder some time in the future... does this Cert 8C prohibit it? Thanks.

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