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Retirement relief

  • 07-07-2017 7:40pm
    #1
    Heisenburg81
    Closed Accounts Posts: 322 ✭✭


    Hello all,

    In relation to the €750,000 limit on proceeds of sales of business assets when aged between 55 - 65, is this limit mutually exclusive with disposals of business assets to children - ie can dispose as many business assets to children as you want even if 3rd party limit reached, without CGT implications?

    Thank you


Comments

  • #2
    Paddy001
    Registered Users, Registered Users 2 Posts: 724 ✭✭✭Paddy001


    Heisenburg81 wrote: »
    Hello all,

    In relation to the €750,000 limit on proceeds of sales of business assets when aged between 55 - 65, is this limit mutually exclusive with disposals of business assets to children - ie can dispose as many business assets to children as you want even if 3rd party limit reached, without CGT implications?

    Thank you

    Yes. In some cases both are utilised in order to provide a tax free lump sum (where desired/possible) to the exiting party.


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