My friend would like to have outline planning permission on the land before he transfers it
As the land, at its current agricultural value, is below that value, no tax would be due
Ruth said:as this is what my solicitor was told by revenue
If you are building your family home on gifted land you are not liable for cgt
OurFella said:Hi,
1. I obtain planning permission in my name, with the land still in my friend’s name. When the land is transferred to my name its value will be low ( still at agricultural value ) because the planning permission is not my friends to transfer with the land.
2. My friend could sell the land to me with planning permission for a nominal fee, say a euro.
Any ideas, suggestions?
Thanks.
bazermc said:Neither options will work
1. How can you obtain planning permisssion for land you do not own?
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