My parents transferred ownership of the family farm to my brother about 10years ago. He has agreed to give me a site on this land but part of our agreement is that I pay his tax liability which will arise. The land in question is in NI and I live in ROI. I am unsure of the value of the site - maybe £50-80,000.
I take it I will have to pay CAT and maybe Stamp Duty here. Is there an offset of the CGT against CAT?
I take it I will have to pay CAT and maybe Stamp Duty here. Is there an offset of the CGT against CAT?