Hi, Looking into doing a straight swap of houses with my parents and want to know how to avoid or minimise the tax owed to Revenue. CAT: I understand if it's treated as a gift both ways, there would be no CAT to pay on my parents' gifting their house to me as the property value is under the €320k threshold BUT as the threshold in the other direction is only €32,500 and my property value is €232,500 approx. 33% would be payable on the balance of €200k. CGT: If my parents sold their house to me and I sold my house to them for the same price, what charges am I looking at? Apparently CGT applies to any profit you make on what you paid for the house and what you sell it for. My parents purchased their Council house years ago for a relatively small amount, say around €50k. I paid €240k for my house. If we agreed to sell each house for €50k, would we be exempt from CGT because neither of us are making a profit from the sale?