Finance Bill – 7 Year Relief Capital Gains Tax

S

superd

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Hi all,

I have a buy to let property I purchased around December 2013, and my initial understanding was i need to hold the property for 7 years before i can avail of capital gains tax relief.

Am i right in thinking this has now been amended, and i can now sell the house after 4 years without paying any CBT?

Am i missing anything? Are there any stipulations, caveats etc?

The property has significantly increased in value, so I need to be very careful here obviously.

Page 8:
http://www.budget.gov.ie/Budgets/2018/Documents/Budget_2018_Tax_Policy_Changes.pdf

Thanks, D
 
Last edited:
superd said:
Am i right in thinking this has now been amended, and i can now sell the house after 4 years without paying any CGT?
Click to expand...
Yes
Am i missing anything? Are there any stipulations, caveats etc?

The property has significantly increased in value, so I need to be very careful here obviously.
Click to expand...

Get professional advice.
 
I am in the same boat, however I am reluctant to kick out extremely reliable and clean tenants paying above average rent until the seventh year.
 
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