B Beehoney Guest 28 Aug 2006 #1 I have recently been given an apartment in Truekey from my mother. the house was bought two months ago and is brand new. Cost was 40k which is fully paid for. Will I be subject to CGT on this property?
I have recently been given an apartment in Truekey from my mother. the house was bought two months ago and is brand new. Cost was 40k which is fully paid for. Will I be subject to CGT on this property?
J jpd Registered User Messages 3,901 28 Aug 2006 #2 Position as regards Irish tax : CGT: only if you dispose of it and make a gain. However, you may have a liability to Capital Acquisition Tax (CAT) depending on any prior gifts from your parents. Position as regards Turkish tax: No idea!
Position as regards Irish tax : CGT: only if you dispose of it and make a gain. However, you may have a liability to Capital Acquisition Tax (CAT) depending on any prior gifts from your parents. Position as regards Turkish tax: No idea!