Budget break on CGT gives property sellers a bonus
From January, investors and businesses can sell – or sell and lease back – qualifying properties without having to pay Capital Gains Tax
The recent addition to Section 604A of the Taxes Consolidation Act 1997 in Budget 2018 will allow owners of qualifying assets to sell those assets between the fourth and seventh anniversaries of their acquisition and still enjoy a full relief from Capital Gains Tax (CGT) on any chargeable gains.
About 48,300 square metres of industrial and logistics space was sold in Dublin in 2012 and a further 132,850 square metres was sold in ...
