F feeneyam Guest 24 Jul 2006 #1 HI! I bought a house in 2002 for E187K and I am now thinking of selling it for E350K how much tax would I have to pay?
HI! I bought a house in 2002 for E187K and I am now thinking of selling it for E350K how much tax would I have to pay?
A AJC Registered User Messages 163 24 Jul 2006 #2 feeneyam said: HI! I bought a house in 2002 for E187K and I am now thinking of selling it for E350K how much tax would I have to pay? Click to expand... Gain = 163k annual exemption = 1k Taxable = 162k at 20% = 32k (rounding etc)
feeneyam said: HI! I bought a house in 2002 for E187K and I am now thinking of selling it for E350K how much tax would I have to pay? Click to expand... Gain = 163k annual exemption = 1k Taxable = 162k at 20% = 32k (rounding etc)
D dam099 Registered User Messages 870 24 Jul 2006 #4 Plus indexation factor on the cost for 2002 only.