Capital Gains Tax

S

sophie

Guest
Hell

Could someone explain CGT simply? Or point to a link where it would be explained? In relation to owning two houses and renting one out.

Many thanks

Sophie.
 
Its when you own a second property, i.e. not your principal private residence and you sell it. You pay CGT on the profit you make from the sale. There is something about 12 months of that time you own it not being relevant for CGT purposes but maybe someone else could explain that I am not that familiar with it. Check out revenue.ie as well though I find this site isnt the easiest to find things on sometimes to be honest,

Good Luck,

C
 
Thanks for that. revenue.ie is possibly the worst site ever for
explaining things, one suspects they prefer us all to be stupid about things rather than understand tax!

This site is wonderful.

Sophie.
 
Anything Here If not go to revenue site and type in Capital Gains Tax in the search box and press go
 
sophie said:
Hell

Could someone explain CGT simply? Or point to a link where it would be explained? In relation to owning two houses and renting one out.

Many thanks

Sophie.
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Hi and welcome to AAM.

Please note our on making thread titles relevant/specific. We have had 3 threads with the title "Capital Gains Tax" since yesterday. See this on editing thread titles.
 
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