If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Capital Gains Tax Payment

muddle84 · 2017-09-01 13:54:06

Hello, I recently acquired a site from an aunt. I did not pay for the site but due to the difference in value from when my aunt acquired the land and gifted to me it has increased in value so she is now liable for CGT. I am going to pay this for her so how to I go about this? The solicitor that was dealing with the…

01-09-2017 1:54pm

#1

muddle84

Registered Users, Registered Users 2 Posts: 1,769 ✭✭✭

Join Date: March 2008

Posts: 1647

Hello,

I recently acquired a site from an aunt. I did not pay for the site but due to the difference in value from when my aunt acquired the land and gifted to me it has increased in value so she is now liable for CGT. I am going to pay this for her so how to I go about this? The solicitor that was dealing with the transfer informed me that i need an accountant to do the payment. Is this correct? Or can I do it myself directly with revenue?

0

Comments

#2 02-09-2017 10:16pm

Geuze

Registered Users, Registered Users 2 Posts: 14,039 ✭✭✭✭

Join Date: July 2010

Posts: 13887

As the aunt makes the gain, she makes the CGT return.

You can then pay her the equivalent amount.

AFAIK.

0