7 Year CGT relief not extended


The relief from CGT in respect of the first seven years of ownership for properties purchased between 7 December 2011 and 31 December 2014 is not being extended beyond 31 December 2014.

Revenue have confirmed that the normal rule as to when an asset is acquired for CGT purposes (i.e. when an unconditional contract is signed) will apply for the purpose of the relief in section 604A TCA 1997.