No. It was more to do with the fact that I have €220k sitting there doing nothing when I could at least have a second home abroad and enjoying it. I would not be interested in having it "let out" either. It would be somewhere to go at the drop of a hat.Interesting that the thread was started as a result in the reduction of Prize Bonds payouts. It shows people are again thinking of making a profit and suddenly the idea of buying a non Irish holiday home kicks in again.
With the possibility of the government introducing Capital Gains Tax on the sale of the family home it might make sense to sell up now, purchase a home abroad and rent out a small property here?
afaik this is what happens in Spain, If you sell the family home you pay tax unless you buy another home and I think they give you nine months to complete the transactionWith the possibility of the government introducing Capital Gains Tax on the sale of the family home it might make sense to sell up now, purchase a home abroad and rent out a small property here?
Well you can bet the bit about "unless you buy another home" would be left out by the Irish Government. Every situation would be taxed.afaik this is what happens in Spain, If you sell the family home you pay tax unless you buy another home and I think they give you nine months to complete the transaction
With the possibility of the government introducing Capital Gains Tax on the sale of the family home it might make sense to sell up now, purchase a home abroad and rent out a small property here?
wow that would kill any flow of properties onto market ,
cannot see them doing it for a different reason - doing it would be a huge vote loser
Interesting yes I guess it would accelerate flow of property in those 3 years .....but still kill government politicallyI can't see it happening either. But what might be the effect on the market if they gave a lead in time - say 3 years?
Or...This is the scare tactic to get everyone talking about it while they increase property taxes. Weren't you lucky type of thing.
Just like €1 on a packet of cigarettes and every smoker says Phew! when they "only" go up by 50c. in the budget.
There must be a % of the Irish people who will vote for Good Government ,Who represents the people who paid there water charges there must be at least 30 to 40% of the Irish people who are looking for Leadership in a Government who will Do what is best for the Country ,[/QUOTE][QUOTE="mtk, .but still kill government politically
There must be a % of the Irish people who will vote for Good Government ,Who represents the people who paid there water charges there must be at least 30 to 40% of the Irish people who are looking for Leadership in a Government who will Do what is best for the Country ,
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