Myself and my partner bought our apartment two years ago and are now thinking of selling up and buying a house. I got loads of advice as a first time buyer and everything went smoothly so now I'd like to get some advice on what I need to consider when selling and moving on.
Our original mortgage was for €264K of which €250K is outstanding now. Going on recent sales in the block our apartment is now worth €350K so I guess that means we're left with €100K if we sell. I've heard of capital gains tax but don't know anything about it and I imagine we don't get to keep all of that €100K.
My questions are:
How much capital gains tax do we have to pay?
Are there any other taxes/charges we need to consider when selling and buying a new place (other than stamp duty on the new place)?
Does a solicitor charge more when both selling and buying a place? When we bought before we were only buying so I guess it's going to cost more this time.
How much does the average estate agent charge to sell a place, and is it possible/realistic to sell your own place?
Do we have to wait until the sale is finalised on the apartment before we put an offer on a house? We don't have the deposit in cash, we're relying on the proceeds of the apartment.
Any advice would be great!
Thanks.
Our original mortgage was for €264K of which €250K is outstanding now. Going on recent sales in the block our apartment is now worth €350K so I guess that means we're left with €100K if we sell. I've heard of capital gains tax but don't know anything about it and I imagine we don't get to keep all of that €100K.
My questions are:
How much capital gains tax do we have to pay?
Are there any other taxes/charges we need to consider when selling and buying a new place (other than stamp duty on the new place)?
Does a solicitor charge more when both selling and buying a place? When we bought before we were only buying so I guess it's going to cost more this time.
How much does the average estate agent charge to sell a place, and is it possible/realistic to sell your own place?
Do we have to wait until the sale is finalised on the apartment before we put an offer on a house? We don't have the deposit in cash, we're relying on the proceeds of the apartment.
Any advice would be great!
Thanks.