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Transfer of site from parent to child

Transfer of site from parent to child

Transfer of a site from a parent to a child

If you transfer land to your child to build a house which is your child’s only or main residence, you will not have to pay CGT on the transfer. For this purpose, a transfer includes a joint transfer by you, and your spouse or civil partner, to your child.

To qualify for relief, the land must:

  1. be one acre or less
  2. have a value of €500,000 or less.

Your child may pay CGT on the disposal of the land from you to them in two specific situations.

These are where they dispose of the land either:

  1. without having built a house on that land or
  2. if they have built a house on the land, having not occupied that house as their only or main residence (this must be for a period of at least three years).

This rule does not apply if the child disposes of the land to their spouse or civil partner.

Subject to qualifying conditions

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