Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

CGT on former principal residence

  • 26-06-2014 05:47PM
    #1
    Dr. Nick
    Registered Users, Registered Users 2 Posts: 2,437 ✭✭✭


    Looking for direction on this please:

    We moved house in 2007 due to my job re-locating back to base, we subsequently built a home and moved in in 2010 having rented and stayed with family in the meantime. We tried to sell our original house and failed so we rented it out from 2009.

    We are now looking to sell our previous house and use most of that money to pay off a part of our current mortgage (we owe family €17k for land our new house was built on). Net of that €17k, we would hope to have about €80k-€100k left to pay off our current mortgage.

    My question is, do we pay CGT on the sale if we are using the money for the most part to pay off our mortgage on our principal residence?

    Thanks in advance.


Comments

This discussion has been closed.
Advertisement