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  • 07-02-2017 11:41am
    #1
    ScouseMouse
    Closed Accounts Posts: 5,070 ✭✭✭


    Is there anyone in particular who would be in the know about selling farmland and house in the South Dublin region. To get the best price, and also could advise how a widow could be as tax efficient as possible.

    We are talking 15 acres with a house, 9 miles from the GPO.

    Thank you all.


Comments

  • #2
    freedominacup
    Registered Users, Registered Users 2 Posts: 7,920 ✭✭✭freedominacup


    ScouseMouse wrote: »
    Is there anyone in particular who would be in the know about selling farmland and house in the South Dublin region. To get the best price, and also could advise how a widow could be as tax efficient as possible.

    We are talking 15 acres with a house, 9 miles from the GPO.

    Thank you all.

    Think of a number and then double it as your asking price for starters with the prices Dublin property seems to be making. With the location you're talking about it would be cheap to get some professional tax advice also. There are certainly retirement reliefs to be availed of.


  • #3
    ganmo
    Registered Users, Registered Users 2 Posts: 7,748 ✭✭✭ganmo


    If the land is flat get it zoned and sell as development ground...but I reckon your in my neck of the woods where there's 2 houses on the market for 750k+ for the last 8 months.


  • #4
    ScouseMouse
    Closed Accounts Posts: 5,070 ✭✭✭ScouseMouse


    ganmo wrote: »
    If the land is flat get it zoned and sell as development ground...but I reckon your in my neck of the woods where there's 2 houses on the market for 750k+ for the last 8 months.

    Zoning for NEW scructures is nearly impossible. Its a house with an acre and a bit and 14 acres of farmland. There are 3 structures there two habitable.


  • #5
    jimini0
    Registered Users, Registered Users 2 Posts: 1,102 ✭✭✭jimini0


    ScouseMouse wrote: »
    Zoning for NEW scructures is nearly impossible. Its a house with an acre and a bit and 14 acres of farmland. There are 3 structures there two habitable.
    14 acres will appeal to a farmer in the area. You say 3 structures, 2 habitable? What do you mean by that? Are they houses or what


  • #6
    ScouseMouse
    Closed Accounts Posts: 5,070 ✭✭✭ScouseMouse


    jimini0 wrote: »
    14 acres will appeal to a farmer in the area. You say 3 structures, 2 habitable? What do you mean by that? Are they houses or what

    One residential bungalow. One workshop (which is really a like a house, and a similar size) that you could live in with a little work, and one stone derelict small shed. Its has been indicated in the past, planning will not be given in the area in general,, but rebuilding current buildings would be "looked favorably upon"

    This is large side-road frontage.


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  • #7
    Bass Reeves
    Registered Users, Registered Users 2 Posts: 19,942 ✭✭✭✭Bass Reeves


    Talk to 3-4 auctioneers and see what idea these come up with. This sort of place could be attractive to a wealthy person who is looking for a small hobby farm for a horse or two and a few cattle. Auctioneers will advice whether to sell as one unit or to split into 2 or more units to sell to achieve highest price.

    You mention that a widow is selling the property. Then it may have been transferred into her name on the passing of her spouse. It will then depend on how long since this happened and what the property's valued at the time. However go to a good tax advicor. There are different tax relief's that may be applicable depending on if it was actively farmed in the recent past.

    Slava Ukrainii



  • #8
    ScouseMouse
    Closed Accounts Posts: 5,070 ✭✭✭ScouseMouse


    Bass Reeves wrote: »
    Talk to 3-4 auctioneers and see what idea these come up with. This sort of place could be attractive to a wealthy person who is looking for a small hobby farm for a horse or two and a few cattle. Auctioneers will advice whether to sell as one unit or to split into 2 or more units to sell to achieve highest price.

    You mention that a widow is selling the property. Then it may have been transferred into her name on the passing of her spouse. It will then depend on how long since this happened and what the property's valued at the time. However go to a good tax advicor. There are different tax relief's that may be applicable depending on if it was actively farmed in the recent past.

    It has been in the family since the 1700's and passed to the widow, from her husband, about 5 years ago. There are multiple options and are trying to get proper advice.

    Maybe sell the land, clean up the house and we may move up there with herself in a granny flat. She is going to contact the IFA as she is still a member and they may be able to advise on the tax situation.

    There was/is a CGT relief for conacre land for retirees that expired on 31st Dec, but the small print says it is still open if the land was leased out for 5 years or more before 31st Dec.

    The land itself has been rented for 10 years or more to a local farmer, but there was no actual lease put in place so we are trying to clarify the situation.

    We sat around a coffee table this morning and made some headway for a future plan, but its still up in the air.


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