government tax on selling a second property?

C

cormac

Guest
This should be a fairly easy question to answer!
I have a second property (1 bed apartment) in Dublin which I am thinking of selling.
would I have to pay capital gains tax on this as it is not my primary place of residence.
Also if I were to buy another (2 bed apartment) at the time of selling this, would I still be liable for Capital Gains Tax. I would have imaginged not as I would not be gaining any capital, and I would also be paying stamp duty on the new property?
Many Thanks.
 
The new purchase will not alter your CGT liability. Sorry to be bearer of bad news.
 
MOB is right.

Though the assumption being that you never occupied the apartment yourself, is this the case?
 
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