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Don Colleran’s final auction of the year completed what was a very successful year for property sales in Galway. While the focus of this auction was on investors wishing to avail of the capital gains tax exemption before the end of the year, previous auctions held by Colleran’s during the year highlighted the huge demand the company has for quality family homes around the city.
There is less than six weeks left for investors to avail of the Government’s tax incentive where property purchased before the end of the year and held for seven years will be exempt from capital gains tax, which is currently 33 per cent.