I don't know do you guys get a lot of these kind of threads, but I was reading through some old stuff and I noted a thread where someone said prior to going to a financial adviser, maybe run through some info on this forum first and see can anyone pitch in to see did I miss anything major...
I'm planning on selling my business and business property next year, I'm hoping to take advantage of this tax break: (source @ citizensinformation.ie/en/money_and_tax/tax/capital_taxes/capital_gains_tax.html)
''Gains made on the disposal of property acquired (by purchase, gift or inheritance) between 7 December 2011 and 31 December 2014 and held for more than 4 years but less than 7 years are exempt from CGT. Disposal of the property must take place on or after 1 January 2018. For example, any gain from a property bought on 1 June 2012 and sold on 1 July 2018 is exempt from CGT.''
I bought this business and property within that timeframe, so my reading is that if I sell this business property and business assets I should be exempt from CGT.
rest of post split to a separate thread - moderator
I'm planning on selling my business and business property next year, I'm hoping to take advantage of this tax break: (source @ citizensinformation.ie/en/money_and_tax/tax/capital_taxes/capital_gains_tax.html)
''Gains made on the disposal of property acquired (by purchase, gift or inheritance) between 7 December 2011 and 31 December 2014 and held for more than 4 years but less than 7 years are exempt from CGT. Disposal of the property must take place on or after 1 January 2018. For example, any gain from a property bought on 1 June 2012 and sold on 1 July 2018 is exempt from CGT.''
I bought this business and property within that timeframe, so my reading is that if I sell this business property and business assets I should be exempt from CGT.
rest of post split to a separate thread - moderator
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