Red herrings.Do you indirectly own the property through a company - perhaps the one you WFH through? If so the company might be subject to tax on the gains regardless of the fact it's your PPR.
Or did you claim for some of the domestic running costs through a business?
You learn something new everyday...I never knew companies in Ireland didn't have to pay tax (well apart from Apple anyway)Red herrings.
Struggling to see both your point and its relevance here.You learn something new everyday...I never knew companies in Ireland didn't have to pay tax (well apart from Apple anyway)
Well if you're having trouble grasping the premise perhaps you should be a little less certain of your response.Struggling to see both your point and its relevance here.
A company can never avail of PPR exemption.
Maybe reread the OPs question. He specifically mentions a PRR exemption clawback so it's obvious a corporate ownership situation doesn't apply here.Well if you're having trouble grasping the premise perhaps you should be a little less certain of your response.
But just for you here's the tl/dr:
How you own and run the property could impact the tax of any capital gains. Pay for everything personally not an issue. Pay in other ways then maybe.
I presume that this isn't relevant to somebody who is an employee (not operating their own business) and working from home?Restriction if only part of your property was used as a home
You can only claim for the part of the house you used as your home. For example, you might have used half your house as your home, and half for your business. You can claim exemption on half of the chargeable gain.
If you think you can definitely say, based solely on the info provided in the OPs initial post, that no CGT is liable you should hand back your tax accreditations.Maybe reread the OPs question. He specifically mentions a PRR exemption clawback so it's obvious a corporate ownership situation doesn't apply here.
Restriction if only part of your property was used as a home
You can only claim for the part of the house you used as your home. For example, you might have used half your house as your home, and half for your business. You can claim exemption on half of the chargeable gain.
That particular paraphrase (also largely if not totally irrelevant to the OPs question) is only at most a partial and crude approximation of the true position so if that's all you have with which to personally attack me, I can only smile.If you think you can definitely say, based solely on the info provided in the OPs initial post, that no CGT is liable you should hand back your tax accreditations.
You only have to scroll halfway down revenues page to find where CGT may be liable on a PPR.
Principal Private Residence (PPR) Relief
This is an explanation of what relief on cgt is available for a Principal Private Residence (PPR)www.revenue.ie
That particular paraphrase is only at most partly true so if that's all you have with which to personally attack me, I can only smile.
Nope you're a mile wrong.That's all it needs to be to impact CGT - that's the the point.
Work for yourself or an employer?To further explain my point...
The homeowner uses their home to work from, seeing clients remotely.
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