Property investment - donegal

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?

Dingdong


I think you would have to be very lucky to shift a property at 370k in Donegal right now. Property has ground to a halt here. However, you may know much more about this than I.

Slim