Class of 72
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In the Revenue web site section on exemptions from capital gains tax on the sale of a house, under the heading, “Absences considered as living in the property” it is stated:
“You will be considered to have lived in your property where …you had a job, all the duties of which were performed outside the Republic of Ireland.”
This describes my own circumstances. However, while working abroad, I rented my house for a number of years. I am now considering selling it. Does the fact of having rented the house mean that I am liable for capital gains tax should I sell the property at a profit, or am I exempt because I worked outside the Republic of Ireland?
“You will be considered to have lived in your property where …you had a job, all the duties of which were performed outside the Republic of Ireland.”
This describes my own circumstances. However, while working abroad, I rented my house for a number of years. I am now considering selling it. Does the fact of having rented the house mean that I am liable for capital gains tax should I sell the property at a profit, or am I exempt because I worked outside the Republic of Ireland?