Is there Capital Gains Tax on Sale of Home

J

JEON50

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The only property we own is our home. Its very ard to put a current value on it. We Assume 750K, no mortgage, or bank interst. If I sold it under the current tax rules, am I liable to tax, 1...if i move abroad or 2 day in Ireland and buy smaller house. I have a progressive disability
 
There is no CGT on sale of one's principal private residence and grounds of up to one acre. ( provided occupied as your residence throughout) It does not matter whether you buy another property or not, in Ireland or abroad.

Revenue have guidance [broken link removed] ( about halfway down page see "exemptions & reliefs" )
 
Thats great Graham 07, I did not think there was, but could not find the revenue guideline's

Thanks
JEON
 
are you based in lanza, my brother was in PDC now in Playa, he recommends Playa, been there and also like Playa
 
JEON50 said:
are you based in lanza, my brother was in PDC now in Playa, he recommends Playa, been there and also like Playa
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Not based but spending increasing time there. Heading back out in 4 wks. Try & do my bit for the old tourism though :D. PB is nice & laid back, PdC more lively. Weather mad hot lately, think PB hit over 40 about 2 weeks back for a few days. Rain hammering off the roof here now so can't wait.
 
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