Transfer of site from parent to child
Transfer of site from parent to child
A gain arising on the transfer of a site to your child is exempt from CGT provided the site is for the construction of your child’s principal private residence.
This is provided the site market value is less than €500,000 and the site does not exceed 1 acre
The transfer is also exempt from stamp duty but it counts towards your child’s CAT threshold of €280,000
Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie