Retirement relief/leaseholds
27/03/1996
Query
Where a lease expires and a new lease is granted, can the period of ownership of the old lease be aggregated with that of the new lease for the purpose of the ten year ownership requirement?
Decision
Whilst the old lease and the new lease are separate assets, in practice the periods of ownership may be aggregated.
Capital Gains Tax
Section 598, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:G6(Q)