CGT indexation relief

When indexation relief was removed, was it done retrospectively?

If I bought a property in 1985 and sell it now, has the indexation relief been removed altogether or is it just not availalbe from a certain date.

Let's say indexation relief was removed in 2002. I'm in one of 3 scenarios, which is correct please:

1. Indexation relief has been removed entirely and I get no relief whatever.

2. Indexation relief was introduced in 2002 and so any property sold after that gets no relief. However I bought mine in 1985 so I will get full indexation relief.

3. Indexation relief was removed in 2002. I bought my property in 1985 so I receive indexation relief from 1985 - 2002 but not not beyond that because it has been removed.

Also, when exactly was it removed. 2002 is a guess.

Thanks.

See this Revenue booklet:

Adjustments for inflation (indexation relief)

For disposals made on or after 1 January 2003 indexation relief will only apply for the period of ownership of the asset up to 31 December 2002.

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bbub said:

3. Indexation relief was removed in 2002. I bought my property in 1985 so I receive indexation relief from 1985 - 2002 but not not beyond that because it has been removed.

Also, when exactly was it removed. 2002 is a guess.

Thanks.

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You are correct that you get it from when you purcahsed until 2002. If you purchased between 1 Jan - 5 April '85 the rate is 1.735 or if between 6 Apr -31 Dec it is 1.633

Don't forget to include all cost at purchase, legal, stamp duy etc and index all at the same rate as above

stuart@buyingtolet.ie

Don't forget to deduct the 1270 Euro individual capital gain before applying the 20% tax
I think this was introduced when the indexation relief was removed.

asdfg said:

I think this was introduced when the indexation relief was removed.

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No - this personal relief has been in force for many years.