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Selling land

  • 29-10-2015 2:52pm
    #1
    j_mo
    Registered Users, Registered Users 2 Posts: 239 ✭✭


    Hiya,

    Sorry if this isn't been posted in the right section. A friend of mine is thinking about selling off a piece of land to the forestry and was just wondering if there would be any or much of a tax liability? Thanks.


Comments

  • #2
    lakill Farm
    Registered Users, Registered Users 2 Posts: 4,735 ✭✭✭lakill Farm


    j_mo wrote: »
    Hiya,

    Sorry if this isn't been posted in the right section. A friend of mine is thinking about selling off a piece of land to the forestry and was just wondering if there would be any or much of a tax liability? Thanks.

    there are so many factors. When it was bought, for how much, cost of selling, enhancement expenditure etc

    Get an accountant.

    Your allowed a yearly tax credit for CGT for €1,270


  • #3
    j_mo
    Registered Users, Registered Users 2 Posts: 239 ✭✭j_mo


    lakill Farm wrote:
    there are so many factors. When it was bought, for how much, cost of selling, enhancement expenditure etc


    Thanks Iakill Farm.


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