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Sibling CGT question

  • 19-05-2023 7:42pm
    #1
    irishguy19772
    Registered Users, Registered Users 2 Posts: 422 ✭✭


    Already been to a solicitor who is discussing with her accountant. But just wanted to ask anyway to cover any bases or enquire about something that I wasn't aware of.


    Buying a house from sisters family in rural Dublin. 6 siblings. House is valued about 300000. All very amicable. 


    Cgt comes into play as House was valued at half that when parents passed and 2 siblings don't have an address there. The other 3 do and gf is taking here 1/6th off purchase price. 


    What is the options I have if 2 or 3 siblings don't satisfy tax exemptions. There would be liable for around 6 to 8000 pounds cgt from their 50 share.

    Happy to try and avoid giving this money to the tax man if possible.


    Any advice is freely appreciated and I will of course also discuss with professionals.



Comments

  • #2
    Claw Hammer
    Registered Users, Registered Users 2 Posts: 6,548 ✭✭✭Claw Hammer


    Their tax, their problem! Why are you getting involved?



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