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

Single Payment Scheme - CAT/CGT

  • 25-10-2013 2:30pm
    #1
    Burd100
    Registered Users, Registered Users 2 Posts: 5 ✭


    Single Payment Scheme - CAT/CGT
    Hi Folks
    Been trying to get an answer from the Revenue on this one but getting nowhere fast!

    Father transferred agricultural land to son in 2011(Returns all submitted)
    Related SPS Grants transferred from father to son in 2012.
    Grant income included in IT return for 2012.

    Apparently you also need to submit CAT/CGT returns for the entitlement to receive the grant.

    There should be no liability with Class A Threshold and Retirement Relief.

    HOWEVER..still need to submit returns and unsure what amount to use as chargeable asset?

    Amount changes year on year and as far as I know is reassessed regularly.

    Any pointers greatly apprecaited!tongue.png


Comments

  • #2
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Property threads are banned. Reasons like this are why.

    If you claim reliefs you are still obliged to file a return. If you don't file the return you lose the benefit of the relief.

    Get to someone competent fast. NEVER DIY land transfers and tax.

    Thread closed.


This discussion has been closed.
Advertisement