OP asked was the scenario possible not for advice on the rights and wrongs of such a course of action.
You will get CGT relief in respect of any time that the property is genuinely your PPR. However if you move out and retain the property for more than 12 months after vacating it as your PPR then some portion of any resale gain will be assessable for CGT. There may also be UK tax implications.What I would do, if possible, IS actually live there for a short period of time instead of renting in Dublin, and thus hopefully save myself the 20% in tax on any profit made upon selling it. I'd continue working in Dublin.
Not if the property is your PPR for all of the time that you own it (or all of the time less 12 months actually).My question could have been made clearer I admit - what I essentially want to know is if I were to move to Belfast and resell shortly afterwards - would I be liable for CGT in Ireland as this is where I have been living for the past 7 years?
No exact definition but basically it's your normal place of residence and in general this vague definition suffices.What is the exact definition of a PPR? Does the Revenue's definition say it must be in the Republic of Ireland?
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