There are a few different exemptions, that might not apply to you.I had a look at the revenue website but it wasnt clear to me.
Are you sure that stamp duty (paid when you purchased a property) is deductable like solicitors fees when arriving at your taxable gain? Revenue web site doesn't mention it only auctioneers/solititors fees??You can put solicitors fees (buying and selling) stamp duty, engineer fees, estate agent fees etc all against your gain (so call that lot 20,000).
No.Q. If I don’t make any profit from original purchase price (390k) - sells for 380 for example. Do I still need to pay CGT ?
Q. If it sells for over 390k, and I was required to work abroad by my employer and all of my work duties are performed abroad, would I be get 'deemed occupancy' for the entirety of such a period ? Or would I have to come back and live in property for a period before selling to avail of no CGT
3.8 Certain periods of absence treated as periods of occupation In determining whether or not a house has been occupied throughout the period of ownership as a PPR, any periods of absence mentioned in sub-heads (a) and (b) below may be ignored so long as both before and afterwards the house has been occupied by an individual as his or her PPR. (A “principal” residence will include a residence agreed or determined to be such following a notice given by the taxpayer under Section 604(8) - see para 16)
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