D
dublin14
Guest
Congrats on your wonderful site!
If someone can help with these queries, I might be able to return the favour on some other topic.
Ive got FPP for house in side garden of my private residence. I assume from reading the CGT guidelines from Revenue that Im liable for 20% tax on net of proceeds less costs, indexation etc, as I intend to sell. Ive a number of queries.
1) How do I work out what the garden cost as a percentage of the house purchase back in 1987?
2) My wife and I have always operated singly for tax purposes, and I intend to do the CGT return in her name only and let her keep the proceeds, as I work and pay tax abroad, even though I have an innactive tax number here from 10 years back. Is this ok, or will I be queried regarding my own tax status here as a result of her CGT return?
3)Does CGT become due with respect to the sale contract date, or the completion and receipt of payment?
many thanks.
Dublin14
If someone can help with these queries, I might be able to return the favour on some other topic.
Ive got FPP for house in side garden of my private residence. I assume from reading the CGT guidelines from Revenue that Im liable for 20% tax on net of proceeds less costs, indexation etc, as I intend to sell. Ive a number of queries.
1) How do I work out what the garden cost as a percentage of the house purchase back in 1987?
2) My wife and I have always operated singly for tax purposes, and I intend to do the CGT return in her name only and let her keep the proceeds, as I work and pay tax abroad, even though I have an innactive tax number here from 10 years back. Is this ok, or will I be queried regarding my own tax status here as a result of her CGT return?
3)Does CGT become due with respect to the sale contract date, or the completion and receipt of payment?
many thanks.
Dublin14