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My client purchased an investment property through a Ltd co in July 2012 for €530k (personal funds). The company has collected rent and carried out repairs since then and is up to date tax wise. My client wishes to transfer this investment property into their personal names. The market value of similar properties is in the region of €1.3 million. Would the property have to be sold to avail of section 604A relief on the gain or can the transfer go ahead at market value. Could they continue to use the Ltd co to trade collect rental income as this would be more tax advantageous to do so. Thanks Sheila

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Asked on 16 January 2019 3:41 pm
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