You have a CGT allowance each year of €1,270 so your taxable gain
If the property is owned by a married couple, do you take that allowance for each person and apply 1,270 x 2 ?
I don't believe that to the case, but open to correction on thatWhat was the upgrade?
I am not sure that is deductible
If done prior to the sale then yes it is.What was the upgrade?
I am not sure that is deductible
Depends totally on the nature of the upgrade.What was the upgrade?
I am not sure that is deductible
I did but I’m not sure how it works and didn’t want to embarrass myself!!!!!!
See below,
Purchase price, €175,000+ €7152= €182152 indexed at 1.049=
€191077.
Gain on €250k sale= €58922.55
Owned for 241 months total, 19 months lived in last 12 months excluded.
€58922.55 / 241 x 210(241-31) = €51343.3 gain.
Upgrade before sale, €6000.
€51343.3 - €6000 = €45343.3 x 33% = €14963 - €1270 = 13693.29 to revenue
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