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Site purchase

  • 10-01-2016 6:14pm
    #1
    jocksie
    Registered Users, Registered Users 2 Posts: 58 ✭✭


    HI all
    Quick question regarding a site purchase I'm trying to avoid tax and pay cash for a site off a neighbour,she's elderly and retired nd looking for big money because she's afraid she'll get caught with tax is there anyway of transferring it and paying her cash so everyone wins(bar the tax man)😄


Comments

  • #2
    Gumbo
    Moderators, Society & Culture Moderators Posts: 40,351 Mod ✭✭✭✭Gumbo


    jocksie wrote: »
    HI all
    Quick question regarding a site purchase I'm trying to avoid tax and pay cash for a site off a neighbour,she's elderly and retired nd looking for big money because she's afraid she'll get caught with tax is there anyway of transferring it and paying her cash so everyone wins(bar the tax man)😄

    Good luck getting advice on breaking the law.
    Talk to a good accountant and between the two of you see if there are any ways to reduce the tax burden by legal ways.


  • #3
    fepper
    Closed Accounts Posts: 2,434 ✭✭✭fepper


    Revenue would have a valuation on sites so keep around that figure for safety!!


  • #4
    jocksie
    Registered Users, Registered Users 2 Posts: 58 ✭✭jocksie


    Would it be possible to buy it as agricultural land eg 5000 per acre then go for planning afterwards?there was planning given on it many years ago


  • #5
    Zaph
    Registered Users, Subscribers, Registered Users 2 Posts: 47,352 ✭✭✭✭Zaph


    jocksie wrote: »
    HI all
    Quick question regarding a site purchase I'm trying to avoid tax and pay cash for a site off a neighbour,she's elderly and retired nd looking for big money because she's afraid she'll get caught with tax is there anyway of transferring it and paying her cash so everyone wins(bar the tax man)😄

    May I refer you to the Boards Terms of Use:
    You agree, through use of this service, NOT to use boards.ie to:

    * post Material that promotes or encourages illegal activity facilitate or encourage any violation of these Terms of Use

    Any more posts like this will result in a permanent siteban.


This discussion has been closed.
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