A “Michael Lowrey” – with an E – took ownership of a new home before selling it to independent TD Michael Lowry’s daughter for €50,000. Lowry’s refrigeration company later bought the house from his daughter for €290,000 and remains the property’s current owner.
This is some clarke kent with glasses on shite
Shocked? NO
Surprised? Also NO
Lowry being Lowry!!
And did th daughter pay capital gains in the below market purchase ?
Michael Lowry being a tax dodging bollocks is well known. It’s absolutely shocking that he’s still a TD. Tipperary, what do you lads be at?
Can’t say Lowry without saying Low. In Michael’s case, that means lower than a snake’s bollox.
So here’s the scenario – correct me if I’m wrong – a company buys a house and sells it vastly under market prices to someone (the daughter).
That someone who bought the house for 50k can sell it for whatever they want. If the same original seller buys it back, the seller gets the sale price CGT exempt. So the daughter bought the house for 50k and got 290k for it from the father through his company (assuming here it’s the primary residence).
So it’s a direct transfer of 240k from the father (through his company) to the daughter that doesn’t count as a ‘gift’ or become liable for some form of inheritance tax.
Yet another TD who can’t spell their own name. I’m starting to get concerned about the literacy levels in the Dail [https://www.ontheditch.com/niall-collins-homeownership/](https://www.ontheditch.com/niall-collins-homeownership/)
But Sinn Fein!
And people willingly support this man because…. ?
FFG are going to keep this guy around to normalize Bertie-era corruption again.
It was Mike Lowrey!
Are they suggesting he did something illegal?
“Lowry gonna Lowrey”
He’s lower than a snakes arsehole.
Nothing will happen.
Where are the usual FFFG sycophants with their butthurt anti-ditch rants?They’re surprisingly quiet.
19 comments
That’s not cool, ironically.
A “Michael Lowrey” – with an E – took ownership of a new home before selling it to independent TD Michael Lowry’s daughter for €50,000. Lowry’s refrigeration company later bought the house from his daughter for €290,000 and remains the property’s current owner.
This is some clarke kent with glasses on shite
Shocked? NO
Surprised? Also NO
Lowry being Lowry!!
And did th daughter pay capital gains in the below market purchase ?
Michael Lowry being a tax dodging bollocks is well known. It’s absolutely shocking that he’s still a TD. Tipperary, what do you lads be at?
Can’t say Lowry without saying Low. In Michael’s case, that means lower than a snake’s bollox.
So here’s the scenario – correct me if I’m wrong – a company buys a house and sells it vastly under market prices to someone (the daughter).
That someone who bought the house for 50k can sell it for whatever they want. If the same original seller buys it back, the seller gets the sale price CGT exempt. So the daughter bought the house for 50k and got 290k for it from the father through his company (assuming here it’s the primary residence).
So it’s a direct transfer of 240k from the father (through his company) to the daughter that doesn’t count as a ‘gift’ or become liable for some form of inheritance tax.
So yet another one way to game the system?
This fucker got to go.
Oh Tipperary how much I hate you.
https://preview.redd.it/s4ifp8h16lfe1.jpeg?width=349&format=pjpg&auto=webp&s=65205ae7582c263dfbdd871a4da590f80725ad1a
Yet another TD who can’t spell their own name. I’m starting to get concerned about the literacy levels in the Dail [https://www.ontheditch.com/niall-collins-homeownership/](https://www.ontheditch.com/niall-collins-homeownership/)
But Sinn Fein!
And people willingly support this man because…. ?
FFG are going to keep this guy around to normalize Bertie-era corruption again.
It was Mike Lowrey!
Are they suggesting he did something illegal?
“Lowry gonna Lowrey”
He’s lower than a snakes arsehole.
Nothing will happen.
Where are the usual FFFG sycophants with their butthurt anti-ditch rants?They’re surprisingly quiet.
Comments are closed.