Back of the envelope stuff, but I’d expect you to clear circa €70k after tax and costs if you sell it.
Would that not be liable to CGT?Back of an envelope stuff, but I’d expect you to clear circa €70k after tax and costs if you sell it.
The 70k isn't all profit. It's the net amount of cash after clearing Mortgage and paying tax.
I'm glad you're not doing my tax calculations!so tax due is about 26k
Yes, roughly depending on the level of allowable costs in determining capital gain. Legal fees and estate agent will bring it back to 70k.73k?
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