Farm valued at €1 million, but child agrees to pay an artificial price of 300k to father for it. For CGT and CAT(and Stamp Duty) purposes the €1 million is used, as not deemed at arms length. At €1 million both retirement relief and agricultural relief still apply so no CGT or CAT. The son then buys a new property(residential) for his father for 300k, and this is deemed his payment for the farm. Is this scenario ok, in order for the father to not have a CAT issue when the son buys him the house?
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