capital gains tax

R

rangerwing

Guest
i have three acres of agricultural land ,if i sell this do i pay capital gains tax and if so how is this calculated .i appreciate if anyone could answer this for me please.
 
You should get professional advice on this. You may or may not qualify for agricultural relief in relation to taxes on this land. Have you checked the Revenue summary guides?

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Rangerwing - yes you will have to pay CGT on the sale of the land. However, the amount on which you will pay depends on whether or not the land is seen as development in nature. As such, I agree with Clubman that you should get professional advice
 
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