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

CGT and Gifting a House

  • 12-03-2013 2:58pm
    #1
    kerash
    Registered Users, Registered Users 2 Posts: 6,688 ✭✭✭


    Just wondering is it usual that a sibling gifting a house (transferring ownership not a sale) to another sibling would be charged €1700+ in Capital Gains Tax?
    The house is valued at 30,000.


Comments

  • #2
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    Property related questions are against the charter.


  • #3
    howardmarks
    Registered Users, Registered Users 2 Posts: 641 ✭✭✭howardmarks


    Transfer of ownership is deemed a disposal of property and is the same as a sale. The fact no money changes hands is irrelevant.


  • #4
    kerash
    Registered Users, Registered Users 2 Posts: 6,688 ✭✭✭kerash


    @Alan Shore - I'm not seeking advise as per charter rules, the query could have been more appropriately worded i.e is a transfer deemed the same as a sale.

    Thanks for the reply howardmarks, that's interesting.


Advertisement