370 Mr. Cregan asked the Minister for Finance the situation in relation to a house let out by the owners in order to pay for their private nursing home fees; if such a situation would affect this person’s tax situation in any way; if they would be liable for capital gains tax on the increased capital value of the house for the years it was let out; if the rental would affect the gift or inheritance tax later when sold for distribution to this person’s children; the way in which their situation would be treated if the house were sold prior to death and after death; if he will provide the exemption limits for tax payable by this person’s children; and if he will make a statement on the matter. [1367/05]

Summary

370 Mr. Cregan asked the Minister for Finance the situation in relation to a house let out by the owners in order to pay for their private nursing home fees; if such a situation would affect this person’s tax situation in any way; if they would be liable for capital gains tax on the increased capital value of the house for the years it was let out; if the rental would affect the gift or inheritance tax later when sold for distribution to this person’s children; the way in which their situation would be treated if the house were sold prior to death and after death; if he will provide the exemption limits for tax payable by this person’s children; and if he will make a statement on the matter. [1367/05]

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• Tax Code.

  xml · EN · 26 January 2005

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