Great info .. we purchased section 50 about 11 years ago and never used the relief about 230k can we sell on the relief if we sell the property thanks for your help Fionnual
You’ll want advice on that, I don’t recall the rule on s50 but know on a s23 that it can result in a clawback, although I think after 10yrs that doesn’t apply – equally, the ability to sell on relief is probably gone too.
Great info .. we purchased section 50 about 11 years ago and never used the relief about 230k can we sell on the relief if we sell the property thanks for your help Fionnual
You’ll want advice on that, I don’t recall the rule on s50 but know on a s23 that it can result in a clawback, although I think after 10yrs that doesn’t apply – equally, the ability to sell on relief is probably gone too.