If there were larger amounts involved (eg if it's now classed as a site and worth more than 10k), there's an exemption available for transfer of a site from parent to child, on condition that thet child builds and occupies house as their main residence. Parent is exempt from CGT, and child can claim back some of the stamp duty (I think the net effect is they pay 2% instead of 6%)Thank you Gordon GekkoI think I understand the way it works now.....I have one more query that you might help me with please? I inherited a small piece of ground in 1999 (1 acre) value at the time was £7,000.00, it is now valued at €10,000.00 so my 'profit' is €1,110.00....I would like to gift this land to my niece....I understand that she will have to pay 6% stamp duty, but, is that on the €10,000.00 i.e. €600.00 (even if it is a gift?) and if I sold it to her for say €8,000.00 would she then pay €480.00 stamp duty or €600.00 ? I would like to gift it to her but what would be the better option regarding the cost to her ...thank you again,
CG1 form. Can only be filed on paper afaik.Thank you again Gordon Gekko. It's a pity the Revenue website isn't more user friendly...I'm trying to file the CGT for 2018 and I cannot do it online. Both my husband and I are PAYE workers, so , I thought we should fill form12 online, but, this is not for CGTForm11 is for self assessed people...do you know at all what form I should be filling out and can I fill it out online? I will have to complete CGT payslip B, but, is there another form, do you know, please?
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