Hi jpd, thanks for your reply and for setting the math out so clearly.
So, following your example :-
Yes, I acquired 25% of house in 2006 valued at € 87,500
I acquired a further 25% in 2012, but this was valued at €42,500 (€170,000 was the total valuation at that time)
So total cost of acquisition of my 50% is € 130,000
Sale proceeds are € 140,000, less my solicitor/auctioneer fees of €3250.
This gives me a Capital Gain of € 6,750 (am I correct in this ?)
My personal CGT allowance is €1,270, so I am liable for CGT on (gain-allowance) = €5,280 ?
The work on the driveway was to replace the driveway & small path in front of house as they were both cracked and unsightly.
The garden was re-modeled, shrubs removed, small patio installed, etc.
Both jobs done solely to facilitate selling of the property.
I had hoped that the €2000 cost to me would be deemed allowable.
Also, solicitor fees in 2006 and 2012 - you believe they would not count as 'allowable expenses' for CGT now ?
However, as I remember, they were allowed as expenses when calculating for CAT, certainly back in 2006. (the figures I have given for house values are the full values, not the value after payment of fees).
While the fees would have covered the full probate of the wills, some of each must have been related solely to inheritance of the property ?
Chris