My sister is buying 2 acres of land from a neighbour and it all has road frontage, once she get's it into her name she plans on giving me 1 acre of it. Neither of us are going to build in it as we already have houses but we plan to hold onto the land for our kids in the future.
The land is costing her €15K total.
Any idea would either of us be liable for any taxes?
The land is costing her €15K total.
Any idea would either of us be liable for any taxes?