Private residence relief

[howareya]

I sold my home in 2005 and have claimed PRR on it.
I now own an apartment which i have been living in for over a year now.

If i sell this in the next six months can i avail of private residence relief again or is this a once off relief.

Can it even be claimed on apartments

 

[ClubMan]

If i sell this in the next six months can i avail of private residence relief again

Yes - if the property was never rented out.

or is this a once off relief.

No.

Can it even be claimed on apartments

Yes!

 

[howareya]

Thanks for that clubman. Just one more question if you don't mind answering.

Is there a specific period of time i have to live in my house to be able to avail of the relief.
Also any chance you would have a web address that would provide more that just the basic info on this topic.

 

[ClubMan]

Is there a specific period of time i have to live in my house to be able to avail of the relief.

No - unless you are doing this habitually as a way to avoid investor taxation or something. If you genuinely buy a PPR and live in it for any period of time and then genuinely move on to another PPR then there should be no problem benefiting from the PPR relief.

Also any chance you would have a web address that would provide more that just the basic info on this topic.

www.revenue.ie should have something.

 

[howareya]

Thanks for your help Clubman.