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Transfer of land

  • 10-01-2015 11:17pm
    #1
    theirishlad
    Registered Users, Registered Users 2 Posts: 24 ✭


    Can parents transfer a site (land) to a son without paying tax or capital gains on it...is the parent's or son liable for any tax...thanks


Comments

  • #2
    hfallada
    Closed Accounts Posts: 4,180 ✭✭✭hfallada


    Speak to a tax advisor as there is a way to transfer farmland tax free


  • #3
    DieselPowered
    Registered Users, Registered Users 2 Posts: 686 ✭✭✭DieselPowered


    There are conditions where the land being transferred for agricultural purposes can avail of CGT reductions, otherwise tax conditions apply.
    Best to talk to a tax accountant that deals with these sort of things.


  • #4
    The_Morrigan
    Registered Users, Registered Users 2 Posts: 9,368 ✭✭✭The_Morrigan


    theirishlad wrote: »
    Can parents transfer a site (land) to a son without paying tax or capital gains on it...is the parent's or son liable for any tax...thanks

    Mod note: You need to speak to a professional about this, we can't permit professional advice like this here.


This discussion has been closed.
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