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small property company

rulad · 2014-10-26 07:42:47

I fully own a small non trading company that has two rental properties.. Does anyone know the tax implications of liquidating the company and transferring the properties to myself.

26-10-2014 7:42am

#1

rulad

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I fully own a small non trading company that has two rental properties.. Does anyone know the tax implications of liquidating the company and transferring the properties to myself.

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Comments

#2 27-10-2014 12:09am

hfallada

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You pay 33% Capital gains tax on the gains of the liquidated company. Speak to a tax advisor. As you maybe be able to use a company to avoid some of the PRSI and USC on rental income

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