CGT on gifted site?

S

Silkie

Guest
My partner and I are currently applying for planning on a site. If the planning is approved, my mother is gifting the site to me for us to build.

Am I/my mother liable for CGT in this instance?

The info on revenue is unclear for the uninitiated but as far as I can tell, if its gifted and is under an acre or €100,000 then there is no tax to pay on it, am I right?

Also, for mortgage purposes (joint mortgage), does the site have to be in both mine and my OH's names? This would affect the exemption from CGT I assume!?