Michael McGrath (Cork South Central, Fianna Fail)
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187. To ask the Minister for Finance the position on recognising and using losses from a CGT perspective on the sale by a person of residential properties; the difference in the treatment if the purchaser is a family member of the vendor; and if he will make a statement on the matter. [20026/19]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by the Revenue Commissioners that losses which arise on the sale by a person of residential properties to a person who is not a member of the vendor’s family can be offset against gains made by that person in the year in which the sale took place or in a subsequent year. 

Where a loss arises on the sale of a property by a person to a family member, relief for the loss is only allowable against a chargeable gain on a disposal by that person of an asset to the same person.