MrsBeechRyan
Registered User
- Messages
- 15
Is it in a Rental Pressure Zone? Surely not if you can raise the rent by that amountTenants that were long term were paying €770/mth are now moving on.
We should now be able to achieve a rent of €1100-€1200.
Gnf_ireland
Not in a rental pressure zone just yet, and there in is the reason for the rental increase! Loosing good tenants as a result
With regards our pensions, we have one private and one public sector.
Private sector one not performing very well I believe.
My belief too is that to sell would be a mistake but that possibly the gains we make will simply return to the tax man.
Bought the property in 1997 for £57K
CGT (€200-€57)*0.33 = €47k
That is a fairly impressive number, and has the potential to go a long way toward funding the kids college education (depending on whether they live at home or not). Definitely worth thinking about...That is an after tax profit of almost 10%.
One small point from the calculation above - the OP bought in 1997 so it is Irish Punts rather than Euro. £57k would be approximately €72k, so the CGT would be 42k rather than 47k. Small point, but just keep it in mind if you do decide to sell.
That is a fairly impressive number, and has the potential to go a long way toward funding the kids college education (depending on whether they live at home or not). Definitely worth thinking about...
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