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Do I need to pay CGT on land purchased from my parents ?

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  • 18-08-2010 9:42pm
    #1
    merble
    Registered Users Posts: 14 ✭


    Hi...I am considering purchasing some land from my parents to build a house, but cant find any confirmation of what CGT they may have to pay. The standard guidelines from the tax office do cover a situation where the land is gifted, but not where money changes hands. I've even called into the Tax Office in Dublin and they weren't able to help me as they'd never come accross it before (??)...they did say they'd look into it and let me know but so far zilch from them..

    Has anyone else purchased land to build from a family member - do you know what CGT (and any other charges ?) need to be paid ?

    Thanks a mil

    Merble
    Tagged:


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    #2
    Zaph
    Registered Users, Subscribers Posts: 47,307 ✭✭✭✭Zaph


    I see you've found the correct forum so I'll close this.


This discussion has been closed.
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