Dependent relative – CGT

CGT on sale of house occupied by a dependent relative

If you provide a property to a dependent relative to live, there may be an exemption from capital gains tax on any gain on the sale of the house if

A) The relative is incapacitated by old age or disability

B)  The house is the sole residence of the relative

C) The house was provided rent free to the relative

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie