Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Buying property from parent

  • 18-02-2013 8:50pm
    #1
    NinjaTruncs
    Registered Users, Registered Users 2 Posts: 2,528 ✭✭✭


    Hi,

    I'm not sure if this or the Accommodation forum is the best place for this question, but I'll try here first.

    Is there any taxation implications of a child buying their parents house off of them at approximately 50% of market value. I would expect stamp duty will need to be paid on the market value, but is there an Benefit in Kind type taxation that could also be applied?

    Thanks
    N.

    4.3kWp South facing PV System. South Dublin



Comments

  • #2
    barneystinson
    Registered Users, Registered Users 2 Posts: 4,685 ✭✭✭barneystinson


    http://www.boards.ie/vbulletin/showthread.php?t=2055559195


  • #3
    NinjaTruncs
    Registered Users, Registered Users 2 Posts: 2,528 ✭✭✭NinjaTruncs


    Oh I didn't realise such a question would be against the charter.

    So given that, who would be the correct professional, it would be a solicitor right?

    4.3kWp South facing PV System. South Dublin



  • #4
    srsly78
    Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭srsly78


    Tax consultant.


  • #5
    gerbo
    Registered Users, Registered Users 2 Posts: 121 ✭✭gerbo


    Just as a matter of interest, how is it against the charter?


  • #6
    NinjaTruncs
    Registered Users, Registered Users 2 Posts: 2,528 ✭✭✭NinjaTruncs


    This piece
    PROPERTY THREADS
    Because of the large sums involved any threads seeking advice on potential property transactions will be locked. When dealing with property transactions ALWAYS seek competent professional advisors and not a taxation discussion forum on boards- not all posters are qualified professionals.

    4.3kWp South facing PV System. South Dublin



  • Advertisement
This discussion has been closed.
Advertisement