D
doddery
Guest
Our GAA Club have been approached by a developer who has bought land beside the club - we currently have a lease (45 years remaining) on the land from the farmer who sold the rest of his land to the developer. Developer now wants to us to exchange our interest in the 4 acre site and move it 500 yards down the road - whereby he will be give us a substantial lump sum +10acres - from the money received we have to build the pitches / clubhouse etc
My questions are as follows
- Stamp duty - would this be applicable in this instance and if so what rates are we talking - would it be payable on both the value of the land aswell as the lump sum payment.
- is there any way to avoid ?
- do the council charge levies on the contruction of community facilities -
- are there other tax implications here -
My questions are as follows
- Stamp duty - would this be applicable in this instance and if so what rates are we talking - would it be payable on both the value of the land aswell as the lump sum payment.
- is there any way to avoid ?
- do the council charge levies on the contruction of community facilities -
- are there other tax implications here -