Retirement Relief CGT

John Kelly of

Hello my father was a retired farmer who died last September.
He and my mam co-owned 32 acres of land and had it rented out on short term let and when he died my mam inherited it all. They have owned this land since about 1970.
My mother is now thinking of selling this land. Question is does she qualify for retirement relief or exemption from Capital Gains Tax when she sells? Also if not then how is CGT calculated?
thanks in advance

Lockedout2

What did her accountant say, can't reply to property questions on this thread!

John Kelly of

she doesn't have an accountant, what do you mean can't reply to property questions? This is a CGT and retirement relief question.

exaisle

Id suggest that you engage the services of an accountant.

Are you really going to rely on advice received here...which might or might not be correct?

Lockedout2

You have asked a tax question about the sale of land, which is property.

See the charter.

Go talk to an accountant.

John Kelly of

exaisle are you saying that the advice on here is no good? Why are you here then giving advice?
If you guys have nothing useful to contribute why are you bothering to post? Stop wasting my time please.

Lockedout2

Have you read the charter?

http://touch.boards.ie/thread/2055559195/1/#post60156662

John Kelly of

just read it now, didn't realise you can't ask questions related to property sorry:o