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Sale not completed yet. Joint ownership for sure, was a while back, but remember signing the contracts.

No idea, we bought the place 15 years ago, this was never brought up. Even so, seeing as we're both alive and kicking, the gain should still be split 50/50, right? If not, then the gain would be double what it actual is.

Don't understand the question, joint ownership of a house, 50/50.

Cheers, CGT accountant came back with my chargeable gain being the full amount, not 50%... mustn't of had his coffee...

So, the gain is split in half? I'm a joint owner (50/50) Our combined gain is 20k, and the accountant has come back that my chargeable gain is 20k... this should be 10k, right?

If a house is jointly owned, 50/50, bought for 300,000 and sold for 350,000. The gain is 50,000. Each owners chargeable gain is 25,000, right?

:(

Hi, just looking for some clarification about the CGT annual exemption of 1,270. Selling a property which I owned for 14 years, but lived in for 6, so 6 years exempt. Does this also mean my annual exemption is 6 x 1,270 (7,620)? Or is my exemption just 1,270? Cheers

What would qualify?

Yes, purchase and selling fees, and any improvements. For purchase fees, I can only really give an estimate, solicitor and our surveyor fees, around 3,500. Also for improvements, do we need ot have receipts, I know we had to have things fixed, the heating was about 3k, painting, shower...

Hi, I'm not in the country and need a tax advisor to help with CGT on the sale of a house. Any recommendations? I contacted paylesstax.ie and they quoted me 500euro, is that ok?

Hi, I'm selling a jointly owned house and working out my CGT, I'm pretty sure I owe very little, would appreciate any feedback in case I'm missing something. Sale price, 345,000 Purchase price, 317,500 Costs of Purchase, 3,500 Costs of Sale, 7,500 Taxable gain, 16500, my taxable gain, 8250...

Thanks, will keep that as an option.

Thanks, good advice, and yes, .5%

.05%, not 5%

Hi, my mother wants to sell our family home, so I'm looking for some advice on how best to invest the lump sum. She's in her mid 70's, so a low-ish risk investment, but it would be good to get at least 3% return. Had a chat with an investment firm, they said their fees were .5% a year, does...

Bought an investment property with a friend 13 years ago. Was my primary residence for 5 years. I believe the last 12 months can be written off, even if you're not living there. So, liable for 7 years. How do I calculate that? Can I write off the following, Purchase fees, solicitor etc...

Cheers. Don't know the info off hand for the CGT, prob best we talk to a tax advisor. For investment/savings, not high risk. I haven't had a look at deposit accounts in years, just checked on here, they look pretty bad, < 1% for 5 years! Is that really the best option for a large lump sum?

We're thinking of selling a holiday home, I'd estimate 300,000k This would be my mothers retirement fund. Few questions. What sort of CGT would be owed? Where would be best to invest/save the money? Cheers

Thanks