Does it have to be 'all or nothing'? Is there no way you can take a step back within the partnership? Don't underestimate the level of stress you'll take on to get a job paying 100k somewhere else.I am completely burnt out in my job and finding it very tough mentally. So I am planning to resign next January.
There is a tipping point just over 1m euro where you'll get much more house for your money, so you might get a big upgrade moving from a house that'll sell in the 800k range. What I would say is the biggest hidden costs are deciding the house isn't exactly the way you want it, and spending 100k+ on cosmetic changes, furnishing, and redoing a garden. If the property is 'turnkey' make sure it actually is.Or buying a new gaff with a mortgage, followed by the sale of the current house. I can’t decide between the new gaff (what are the hidden taxes / costs) and doing up the current house.
In terms of your family finances, this jumps out. In retirement you both have individual tax bands, so it's inefficient if you've a huge pension and your spouse has a small one. You should be maximising spouses pension contributions, including AVC backdated to last year.Other half has pension of about 30k. Finally persuaded them to start a while back
I think you should park all thoughts in relation to the house until you have resolved your work situation.I am completely burnt out in my job and finding it very tough mentally. So I am planning to resign next January.
No, there's no CGT on the sale of your PPR.Do you pay CGT on a family home?
No cgt, buying then selling (if you can, and you can) is far less stressful.Do you pay CGT on a family home? On the partnership side it’s very difficult to manage a step back from equity.
Thanks. I was a bit worried about thatNo, there's no CGT on the sale of your PPR.
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