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Section 23 relief apportioned ...

  • 09-06-2017 6:36pm
    #1
    tradingwizz
    Registered Users, Registered Users 2 Posts: 41 ✭


    Hi

    I'm buying a Section 23 with a business partner 50/50. He has no interest in the Section 23, primarily since he is buying his share through his business, so he can't make use of it anyway.

    My question is, even though I am buying just 50% of the property, can I still make use of the full 100% relief if he agrees to it?
    Tagged:


Comments

  • #2
    Lockedout2
    Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    You should ask your accountant so should your business partner.


  • #3
    tradingwizz
    Registered Users, Registered Users 2 Posts: 41 ✭tradingwizz


    I did - I was hoping to get find someone who could offer their experience


  • #4
    Lockedout2
    Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    What did they say?

    The allowances go to the owner?


  • #5
    tradingwizz
    Registered Users, Registered Users 2 Posts: 41 ✭tradingwizz


    There is no chapter and verse in the legislation which is why I was hoping to hear from someone who has done something similar already.


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