Tax on selling Irish Property to buy French Property

W

Wayne2007

Guest
I currently own an apartment in Dublin and I am thinking of selling the apartment and using the profit on the apartment to buy a property in France. Can anyone advise what sort of tax implications this has? Would I have to pay capital gains tax on the profit?
 
What you do with the proceeds of the house sale is irrelevant.

Do you live in the Dublin apartment? Or is it an investment property?

If you make a gain on the sale of an asset, then, yes, you may have to pay CGT.
 
Thank you for your mail, I live in the dublin apartment, we are thinking of seeliing that and buying a property outright in France and getting a new mortgage here in Ireland for a house!
 
If the apartment was always your PPR and never rented out then any gain arising from its sale is exempt from CGT regardless of what you subsequently do with the money.
 
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