Capital Gains Tax relief for property purchased between end of 2011 and 2014

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If you bought a business/ commercial property between 7th December 2011 and December 31st 2014 then you may be entitled to significant tax savings on gains achieved were you to sell that property. Initially purchasers had to hold the property for a minimum of seven years but the Finance Act 2017 reduced the requirement to four years. As a result of this properties bought during the required period could be sold after the 1st of January 2018 and avail of a full exemption of capital gains tax until they had owned the property for seven years after which they could only avail of proportionate relief.

 

For further information and confidential discussion please call Shane Rigney on 091 745240