CPO and retiring from business

[katiesmom]

My dad's property is being taken by CPO in the near future. Its in a prime urban location. (perhaps worth 2million if sold on open market had the cpo not been applied) However are there any tax implications for him should he receive anywhere in the region of this kind of money ( which I doubt ) He's 68 and self employed - cant get him to retire !!! but want to know whats the right way to do it.Thanks in advance

 

[MOB]

Your father needs professional tax advice; He needs it fairly quickly; Potentially, there is up to €200k (and maybe more) of a difference in the tax cost between a properly structured asset sale and one left to chance.