Hi guys
Bought ahouse 2 yrs ago and now need to sell to start up new business.
My question is what can I deduct before paying CGT @ 20%
Cost in 2004 €200,000
stamp duty 8,000
Legal fees 04 1,500
Selling fees 2006
House selling for €295,000
Estate agent fees 2.600
Legal fees 1,500
Furniture/fittings 10,000
I know i cant deduct the stamp duty but out of my gross profit of €95,000
what can I deduct before I pay my 20% CGT
thanks in advance
V.
Bought ahouse 2 yrs ago and now need to sell to start up new business.
My question is what can I deduct before paying CGT @ 20%
Cost in 2004 €200,000
stamp duty 8,000
Legal fees 04 1,500
Selling fees 2006
House selling for €295,000
Estate agent fees 2.600
Legal fees 1,500
Furniture/fittings 10,000
I know i cant deduct the stamp duty but out of my gross profit of €95,000
what can I deduct before I pay my 20% CGT
thanks in advance
V.