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Retirement Relief

In broad terms, there is relief from CGT on any gains arising to a person who is over 55 on the disposal of a business or shares in a family company. The relief is available where the consideration received for the transfer does not exceed €750,000. Where the transfer is within the family, then the €750,000 limit is not applicable and the full gain is exempt from tax regardless of the proceeds, or “deemed” proceeds received.