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The cost will be 270
Incorrect. The cost will be (50% of the market value when originally purchased =270) + (open market value of remaining half-share when bought out for €100K)
You really need professional advice on this as errors in calculation of liability can have drastic consequences.
My figures were based on this originally used by the OP (who has since edited the post and figures).
The original post claimed that the OP purchased the house for 240k and later paid an additional 30k to their former partner.
drastic consequences.
Really?
Does the buck not stop with the solicitor to find out what the CGT would be?
Comments like 'drastic consequences' make people think of an oppressive governing body. Surely if the facts are presented correctly there will be nothing to worry about?
Really?
Does the buck not stop with the solicitor to find out what the CGT would be?
Comments like 'drastic consequences' make people think of an oppressive governing body. Surely if the facts are presented correctly there will be nothing to worry about?
I'm not quite sure that this is fair or accurate.And as far as Im concerned in dealings with the Revenue you might as well assume that they are an "oppressive governing body"
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