Taxes Consolidation Act 1997 section 650

Exclusion of certain disposals

Section 650 provides a de minimis exemption from the special development land gain rules where an individual's total consideration from development land disposals in a year of assessment does not exceed €19,050.

• The special CGT rules for development land (restrictions on indexation relief, non-availability of rollover relief, and restriction of loss relief) do not apply where an individual's total consideration from all development land disposals in a year of assessment is €19,050 or less.
• Where the exemption applies, the gain is treated as an ordinary capital gain and therefore qualifies for indexation relief, loss relief, and the standard 33% CGT rate.
• The threshold is measured by reference to the total consideration received from all relevant disposals in the year, not the gain arising.
• The exemption applies only to individuals and does not extend to companies, trustees, or other non-corporate bodies.