House was bought in 2006 for €400,00
In 2012 it was rented out when house prices had bottomed out. Declared it for 2nd homes tax and value at time based on equivalent properties was €150,000
Have just come out of negative equity and believe could now sell it for €280,000
Is this a loss based on the purchase price of €400k or a gain Based on it's changed of use when it was worth €150k?
No other assets or shares etc just a house bought as a PPR android rented out due to negative equity at the bottom of the market
Thanks in advance