johnny2shoes
Registered User
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- 42
I am an OAP with little income other than the pension. Am considering selling a house which is rented and am told is worth €220k approx.
The house new cost €50k in 1990 so it looks like a hefty CGT hit unless I can soften the blow.
Hoping somebody here can wise me up on this indexing thing in relation to the original 50k.
How is this index calculated?
I also carried out improvements over the years like concreting the large front area and other stuff like garden shed and wiring same for electricity but didn't keep receipts for about 10k.
I know I read somewhere here while searching that this expense might well be allowable so
would appreciate any advice.
Sorry if this is a bit longwinded.
The house new cost €50k in 1990 so it looks like a hefty CGT hit unless I can soften the blow.
Hoping somebody here can wise me up on this indexing thing in relation to the original 50k.
How is this index calculated?
I also carried out improvements over the years like concreting the large front area and other stuff like garden shed and wiring same for electricity but didn't keep receipts for about 10k.
I know I read somewhere here while searching that this expense might well be allowable so
would appreciate any advice.
Sorry if this is a bit longwinded.