I plan to give this cottage to my son, who is returning from abroad later this year with his wife and family. My question is: am I liable for capital gains tax on this property and, if so, approximately how much? Ms E.G., emailThe simple answer is that, yes, you will be liable for capital gains. This practice stopped in 2002 but anyone who bought prior to that could still use this indexation to reduce any subsequent capital gains tax bill. But there are some things that you can set against your capital gain.

Source: The Irish Times March 03, 2020 05:48 UTC