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Another CGT query - messy one

  • 30-06-2015 7:56am
    #1
    clint_silver
    Registered Users, Registered Users 2 Posts: 2,911 ✭✭✭


    bought house A for 50,000 euro in 1995 with then partner
    House valued at 100,000 in 2000, bought then partner out, sole ownership
    Got married, house valued at 260,000 in 2005, wife took half ownership, leveraged house value to buy PPR elsewhere so rented out the house for last 10 years.

    If I sold the house for 220,000 today, what CGT if any, would be applicable?


Comments

  • #2
    nompere
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭nompere


    You need professional advice, not the vague thoughts of an anonymous poster on the internet.


  • #3
    clint_silver
    Registered Users, Registered Users 2 Posts: 2,911 ✭✭✭clint_silver


    nompere wrote: »
    You need professional advice, not the vague thoughts of an anonymous poster on the internet.

    and if the thoughts werent vague but specific?


  • #4
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    clint_silver wrote: »
    and if the thoughts werent vague but specific?

    What an amusing post :)

    Free advice from the internet is usually not worth the paper its not written on.

    dbran


  • #5
    clint_silver
    Registered Users, Registered Users 2 Posts: 2,911 ✭✭✭clint_silver


    dbran wrote: »
    What an amusing post :)

    Free advice from the internet is usually not worth the paper its not written on.

    dbran

    Disagree. They can be bad sure. but there is some good stuff and there is a lot of stuff that is not vague.

    Trawl through the posts on this forum. how much of the replies are crap? If most of the replies are useless then Id question the point of this forum as its doing more harm then good.

    If most if the posts are helpful in some way, and I believe they are, then we can start to trust in the forum and the veracity and quality of the replying posters.

    one still has to sift out the ****e and woebetide anyone who actually acts on advice here without getting professional advice but we can get ideas of how things work. Which is all I was looking for.


  • #6
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Property threads are banned here

    Replying to property threads with advice is bannable here.

    Read the charter

    Pay for professional insured advice.

    You are the reason that property advice is banned here. Some chap expecting free advice like you are entitled to it. The "point" of the taxation forum is to discuss taxation not to facilitate spongers who would be the first people to turn around and sue the site after you relied on the advice.


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  • #7
    clint_silver
    Registered Users, Registered Users 2 Posts: 2,911 ✭✭✭clint_silver


    My apologies, I had thought as my question was purely CGT related that it would be treated as such., I remember reading long time ago no property questions. I just went over the charter again, fair enough, I'll leave my questions there.

    Im not being snipey here but should all CGT questions related to property be deleted then? (genuine question)


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