Hi,
A friend and I are interested in investing in a Eastern European scheme where investors can get in at the development stage.
If we set up as a Partnership, and make a profit, where would we stand from a GCT perspective ? Would we get hit for 20% ? Also, can we re-invest the profit without taking a tax hit ?
Knew I should have kept reading the SBP !
So after we sell our units in the development company (when the apartments have been sold), we are liable for CGT straight away ?
Knew I should have kept reading the SBP !
So after we sell our units in the development company (when the apartments have been sold), we are liable for CGT straight away ?
You may well need professional advice to fully assess the impact of taxation in the country of the investment - you could possibly be hit for taxes both there and in Ireland.