Plan to dispose of investment property and trying to work out approximate CGT liability
Property acquired in 1987 and I know that I can use the inflation multiplier.
My question is the property was acquired for IR£6000 in 1987 (family) but the property was worth more than that - maybe IR£50,000. On the revenue website it says calculate on market value for year acquired. Which figure do I use for CGT. ?
Property acquired in 1987 and I know that I can use the inflation multiplier.
My question is the property was acquired for IR£6000 in 1987 (family) but the property was worth more than that - maybe IR£50,000. On the revenue website it says calculate on market value for year acquired. Which figure do I use for CGT. ?