Now i may sound like a muppet here but let me get this straight....
I bought a second hand apartment 10months ago with a friend. Now we want to sell but I've heard that we could be charged Capital Gains Tax because we lived there for less than one year. Is this true?
I've tried to read the official government lit about it but I ended up confusing myself even more. Basically, we're both Irish citizens, resident in the republic and want to sell up without incurring too many losses.
Can someone please set me straight so I know where i stand?