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Tax on house profit

EVGR · 2012-02-11 13:27:41

In the Celtic tiger year, if you sold a house with a profit, did you pay tax on the profit? Do you pay such a tax now? Please excuse the my ignorance. Thank you.

11-02-2012 1:27pm

#1

EVGR

Registered Users, Registered Users 2 Posts: 61 ✭✭

Join Date: April 2007

Posts: 52

In the Celtic tiger year, if you sold a house with a profit, did you pay tax on the profit?

Do you pay such a tax now?

Please excuse the my ignorance. Thank you.

0

Comments

#2 11-02-2012 1:29pm

ulick-magee

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Join Date: August 2006

Posts: 52

EVGR wrote: »

In the Celtic tiger year, if you sold a house with a profit, did you pay tax on the profit?

Do you pay such a tax now?

Please excuse the my ignorance. Thank you.

Yes and you still do - its Capital gains tax but only if it's not your principal private residence

0
#3 11-02-2012 1:56pm

Geuze

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Posts: 13889

No CGT on your PPR.

Any other house you own and sell - yes, you pay CGT on the gain (if any!!).

0