Pardon my ignorance, but why wouldn't he has CGT losses of 50 k to set off future gains?The surprise is a pleasant surprise.
If you lose €50k on it, you will be have CGT losses of around €25k which you can set off against gains this year or in future years.
Brendan
Not sure if the word is pleasant. He's lost money on it and he may not have gains on which to offset it.The surprise is a pleasant surprise.
If you lose €50k on it, you will be have CGT losses of around €25k which you can set off against gains this year or in future years.
Brendan
Presumably because neither a gain nor a loss on a PPR can be used. And it was a PPR for half the time.Pardon my ignorance, but why wouldn't he has CGT losses of 50 k to set off future gains?
I suppose if you though you'd have to lose on the sale of a property AND pay CGT then hearing that tax doesn't apply is a pleasant surprise? #silverliningNot sure if the word is pleasant. He's lost money on it and he may not have gains on which to offset it.
Thanks all. We owe about 280 on the loan at this stage so will take a bit of money out of it. Does that effect anything?
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