Selling a site

FirstaidKit

New Member
Messages
8
Hi, I was asked to sell a site for a one off house for €80k (1 acre), is my capital tax gains calculation correct?
€80,000 site
-€10,000 ( original value of land inherited 22 years ago)
€70,000 balance
-€1270 yearly exemption
€68,730 to tax @33%
=€22,680 in tax?

Also what other costs am I likely to incur like stamp duty, solicitors etc?
Thanks in advance.