....There are certain asset classes that can be passed without attracting CAT.
A lot of the property reliefs have been tightened up, but a parent can still gift a child a site for the purpose of developing their PPR tax free. Can be useful if not all children own homes yet.
Have a look here for the summary rules. It's main use is a farmer gifting a site to a child, or anyone else building a house in the garden, but it applies to everyone. There are minimum holding periods.Just wondering if you could point me in the right direction for more info possibly on Revenue site for this subject? Had a quick look at Google, Revenue and Citizens Info but could not find exact details.
Thanks.
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