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Residential Investment Property and CGT before end 2014

CGI_3 · 2014-10-23 13:39:49

For the purposes of the 7 year CGT, property must be purchased prior to end of 2014. However from a revenue point of view what will they look for? Solicitor thinks signed contracts. I'd be thinking stamp duty paid. Any views?

23-10-2014 1:39pm

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CGI_3

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For the purposes of the 7 year CGT, property must be purchased prior to end of 2014. However from a revenue point of view what will they look for? Solicitor thinks signed contracts. I'd be thinking stamp duty paid. Any views?

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#2 25-10-2014 8:48pm

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CGI_3 wrote: »

For the purposes of the 7 year CGT, property must be purchased prior to end of 2014. However from a revenue point of view what will they look for? Solicitor thinks signed contracts. I'd be thinking stamp duty paid. Any views?

It's a self assessed system so you would include the details of the disposal on your income tax return. You don't have to supply revenue with physical documentation unless they write to you and request some information as part of a aspect query or revenue audit.

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