Rent out primary residence

[hotspur]

is it possible to rent out your primary residence for a period of time then sell it to realise a capital loss? If so, is there a minimum period of time you need to do this for?

 

[DB74]

Last 12 months is deemed residency so it would have to be for a greater period than this.

Also the amount of capital loss is pro-rata to the amount of time deemed non-occupancy

eg - suppose overall loss is €100K

You live in the house for 3 years and then rent for 2. Therefore 1 year is deemed chargeable to capital gain.

Therefore you only have a capital loss of €20K to offset against other capital gains.

 

[hotspur]

would the loss be calculated from the initial purchase price or current market value when renting commences