Irish Independent: Your questions: What tax will be owed if we buy a house that my mother owns?
0According to the CEO of Taxback.com, Joanna Murphy, Irish tax law has measures in place to prevent avoidance of capital gains tax by the use of arrangements entered into by family members. If you are able to buy the property at a lower value than that which would have been achieved if sold on the open market, then for tax purposes, the purchase will be treated as if the house was bought for the actual market value.
