House was valued at €300,000 at the time, I paid €2500 in stamp duty and had to give €80,000 to ex partner for his share..
What happens in that scenario Brendan if there's something wrong with the valuation used in 2008?I am not a tax expert, but I would make a submission as follows. Send in your calculations and make a note that the legal costs are estimated. I don't really see Revenue arguing with you.
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Who in earth is going to challenge a professional valuation from 15 years ago on which stamp duty was paid?but care would need to be taken that it's correct and appropriate to use for CGT purposes.
What happens in that scenario Brendan if there's something wrong with the valuation used in 2008?
The payment must have reflected the amount outstanding on the mortgage. Because the OP was taking over 50% of it, that was factored into the price.I'm confused as the amount paid in 2008 was € 80,000 not € 150,000
Irrelevant.I understand that, but only 80,000 was paid
Hi BrendanIt seems unlikely that they will challenge it so I would just go ahead and be totally open about all the figures.
If Revenue challenges it, a bigger issue might be CAT rather than CGT.
Who in earth is going to challenge a professional valuation from 15 years ago on which stamp duty was paid?
I'm confused as the amount paid in 2008 was € 80,000 not € 150,000
I purchased a house with ex partner in 2002 for €154,000 it was our ppr, we broke up in 2008 and I bought his share out. House was valued at €300,000 at the time, I paid €2500 in stamp duty and had to give €80,000 to ex partner for his share..
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