Finance Bill 2015 - effective date of increase in threshold re CGT clearance certificates

Section 39 of the Finance Bill 2015, as initiated, provides for an increase in the threshold for obtaining CGT clearance certificates from €500,000 to €1 million in the case of houses or apartments. Subject to enactment, this increase will apply to disposals of such property made on or after 1 January 2016. The existing threshold of €500,000 will continue to apply to disposals of houses or apartments made on or before 31 December 2015.

3 November 2015