Yes .. I had a feeling I would get hit for property tax.. Or I mean CGT ...
Am I right , from what I read on the revenue site that the CGT would be .. Value of my share , less what I paid for it .. less 90% tax free . Then 10% CGT on the remaining balance..
IE> 120 less 20 ( I pay ) = 100K less 90% tax free = balance of 10K
10% CGT = 1,000
I'd live with that .. But I will be seeking advice in the next few days .. I just wanted to bounce the idea off a few people in here to get a few different takes on it . It's not the type of topic I'd raise with many people I'd know.. Let's face it , most people don't like to see there peers get on in life ...
Thanks
CP