Hi
I am thinking of buying investment property in Donegal. I am buying a new house of a builder , presently being built.
I am buying it for é316,000, i think it will be worth 370,000 when it is finished in 09/05.
Thus i hope to get an appreciation of é54000. I then wish to sell quickly.
Do you think this a good investment considering i already own a property.
What will my stamp duty + captial gains bill be.
Could I claim this to be my PR , and not pay CGT?
I am thinking of buying investment property in Donegal. I am buying a new house of a builder , presently being built.
I am buying it for é316,000, i think it will be worth 370,000 when it is finished in 09/05.
Thus i hope to get an appreciation of é54000. I then wish to sell quickly.
Do you think this a good investment considering i already own a property.
What will my stamp duty + captial gains bill be.
Could I claim this to be my PR , and not pay CGT?