S
socheallaigh
Guest
We are thinking of moving house and holding on to our current house as a rental property. So if we lived in the house for 8 years, then rented for 5 and then sold the house, would we pay CGT on the profit from when we bought it to when we sell it or just on the profit made when we rented it to when we sell it.
Here is an example.
1999- bought house for 200,000
2007 - house is worth 400,000
2007 - 2012 house rented
2012 - house sells for 450,000
Will the CGT be on 250,000 or on 50,000.
Sean
Here is an example.
1999- bought house for 200,000
2007 - house is worth 400,000
2007 - 2012 house rented
2012 - house sells for 450,000
Will the CGT be on 250,000 or on 50,000.
Sean