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Owners of apartments to be demolished for MetroLink ask for capital gains tax exemption
Landlords said the compulsory purchasing of their units would place them in a ‘perilous financial situation’
Owners of Dublin apartment due to be demolished to allow the construction of MetroLink have asked to be exempt from capital gains tax (CGT) to avoid a “perilous financial situation”.
The owners, represented by Martin Sheridan, director of Townsend Apartment Management, said that the imposition of CGT would mean they needed “substantial personal funding” to buy replacement properties.
CGT is charged on profit generated through the sales of many assets, including investment property, and is ...
