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Landowners Who Sell Sites For Housing To Avoid Massive Tax Bills

Landowners who sell sites for housing will avoid massive tax bills under plans being considered by t...
TodayFM
TodayFM

10:40 AM - 23 Aug 2014



Landowners Who Sell Sites For...

News

Landowners Who Sell Sites For Housing To Avoid Massive Tax Bills

TodayFM
TodayFM

10:40 AM - 23 Aug 2014



Landowners who sell sites for housing will avoid massive tax bills under plans being considered by the Government in order to tackle the housing crisis in the country.

According to reports in the Irish Independent, the move is among a number of measures being proposed.

Around 80% of profits from the sale of housing land are subject to capital gains tax, but it's understood the government has plans to reduce or abolish the rate.

The plans are expected to be announced when the Dail returns next month.



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