Gift of the Proceeds of Sale

08 January 2021


Just a short note on gifting the proceeds of a sale.

Under s 6(3) CATCA 2003 the gift of the proceeds of a property which has not completed and in the State is treated as Irish property. So if you enter into a contract of sale of an Irish property and after signing and exchange, gift the proceeds of sale, that gift will be considered a gift of Irish situs property.