Lambchops65
Registered User
- Messages
- 79
I didn't realise I would have to pay CGT on my PPR?
I think that you are really not in control of your asset. If your tenant decides not to pay, you are stuck without that income for years until you can evict. You will still have to pay LPT, insurance, etc.I wouldn't sell. My sister is in the same position also as yourself. It might make financial sense or tax sense to sell now but what I keep telling my sister is you can't predict the future except she has a debt free asset that generates income every month. You can't put a price on that piece of mind. Interest rates have never been as low so don't see it as major concern taking on the small mortgage especially with inflation starting to rise. Its all abouy easy life and less worries the better in my book. Enjoy your life knowing you have a insurance policy that you are in control off.
being a part time landlord is not the easy option.I wouldn't sell. My sister is in the same position also as yourself. It might make financial sense or tax sense to sell now but what I keep telling my sister is you can't predict the future except she has a debt free asset that generates income every month. You can't put a price on that piece of mind. Interest rates have never been as low so don't see it as major concern taking on the small mortgage especially with inflation starting to rise. Its all abouy easy life and less worries the better in my book. Enjoy your life knowing you have a insurance policy that you are in control off.
Every investment has risk.I think that you are really not in control of your asset. If your tenant decides not to pay, you are stuck without that income for years until you can evict. You will still have to pay LPT, insurance, etc.
You will presumably have to pay some inheritance tax - the agreed price for the house alone is above the Group threshold.Parents home (family home - inherited):
Just gone sale agreed @ €380,000 (no mortgage on this)
Agree, it all boils down to that...You have to ask yourself whether the investment is personally tolerable for the risk involved.
I wouldn't sell.
Its all abouy easy life and less worries the better in my book.
When the asset is gone its gone.
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