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Hi Alan, A client is selling agricultural land to his brother for €200,000. The land is valued at €320,000. Is the brother of my client liable to CAT for the effective €120k gift from my client? Is my client liable to CGT on the disposal proceeds of €320k or €200k? Would this transaction qualify for Capital Gains Tax / Capital Acquisitions Tax Set-Off? Is there any CGT agricultural relief on the sale of land to a brother? Many thanks, Niall

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Asked on 24 October 2014 11:26 am
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