sale of UK flat - ex PPR - CGT and DIRT on proceeds?

Hi All,

We've recently sold a flat in the UK. We owned the flat for 5 years in total and lived in it for 4 years. We had it rented out for the last 2 years since we moved back to ireland. Can you confirm that we would be liable for CGT on 2/5s of the profit? What allowable expenses can I deduct from the profit?

Under UK tax, I believe we wouldn't be liable for CGT as you have a 3 yr grace period where you can rent out a PPR. Someone told me that if I get a certificate saying that UK tax is in order, I won't be liable to pay CGT in ireland but I'm not sure that this is correct under double tax system - could someone confirm?

Also, we're debating leaving the proceeds in sterling in our UK bank account, would we be liable for Irish DIRT rates on the interest?

Thanks

Typo in the above - we lived in it for three out of the five years.

Re the Deposit Interest - you are liable for income tax on the interest earned at your top rate of tax. DIRT doesn't come into it.