Hello, my now wife and I bought an apartment in 2005. Then in 2010 we had children and needed more space so we rented the apartment and bought a house. my question is this, if we sold the apartment now (after 10 years of paying down mort) for less than we paid for it would we have any tax liability on the difference bewteen the mortgage value and the selling price, seeing as this is not a "gain" when compared to the purchse price? Might sound like a stupid question but you can never be sure in Ireland. thanks.
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