CGT retirement relief on sale of B&B

B

browtal

Guest
CGT retirement relief on sale of B&B

We are thinking of selling our B & B My husband and myself have run it for the past 30 years.
I have read that if one is over 55 years and retiring from business that some relief may apply.
My husband is over 55 and I am 47 yrs. Does the relief apply to us or will 50% of it apply for my husband. Many thanks for your help. willow

Title edited by ClubMan.
 
Re: capital gains tax

Whatever the feedback you get here you really should run this sort of stuff by an independent, professional such as a tax advisor or at least your accountant given the importance of making the right decision and acting on correct information. For what it's worth you can find some summary information about CGT and retirement relief on the Revenue website using their search facility.
 
You must log in or register to reply here.
Back
Top