First time buyer selling - tax implications

[steveyd]

Hi,

If a FTB sells apartment within 5 years its is my understanding that there will be no tax implications( no stamp duty clwaback etc). Is this correct?

If you subsequently leave country or just go back to renting is there CGT implication on the sale of your home?

 

[ClubMan]

If a FTB sells apartment within 5 years its is my understanding that there will be no tax implications( no stamp duty clwaback etc). Is this correct?

Yes. The sale of one's PPR is exempt from CGT in most cases (based on a recent post here I believe that there is a threshold above which the sale of one's PPR may be examined by Revenue for CGT liabilities). The SD clawback only applies where a PPR is rented out (other than under the rent a room scheme) within 5 years of the original purchase.

If you subsequently leave country or just go back to renting is there CGT implication on the sale of your home?

If you mean after the sale of the property then there is no "clawback" of tax applicable. If you mean retaining the property and renting it out while abroad or renting your own place at the same time then there are tax implications.