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I have a client who is sell in 1/4 of an acre of ground for €25k. Its ground between two houses and is not going to be used for development. Its in grass but technically forestry ground. He is a farmer. Does this qualify for Entrepreneur relief. If not any other reliefs to look at?

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Posted by (Questions: 6, Answers: 0)
Asked on 19 July 2019 10:09 am
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It could potentially qualify for both entrepreneur relief (s 597AA) and/or retirement relief (s 598) if he meets the conditions in these sections.

The price indicates it is development land, and entrepreneur relief does not apply to development land because it is not a "chargeable business asset."

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Posted by (Questions: 5, Answers: 5191)
Answered on 12 August 2019 9:17 am