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C.G.T. Calculation

  • 29-08-2017 8:49am
    #1
    weshtawake
    Registered Users, Registered Users 2 Posts: 144 ✭✭


    Situation is that I own a house which has been let for approx. 12 years. I do not have a PPR for the last 8 years or so and am renting a house.
    I hope to sell the rented property in the next while.
    Question is if I do not re-let when the current tenants move out, move into the house myself and claim it as my PPR for a year or so can I avoid CGT when I sell or (as I suspect) do I only avoid a portion of the CGT pro-rata to the 1 year it was my PPR??


Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 14,033 ✭✭✭✭Geuze


    weshtawake wrote: »
    Situation is that I own a house which has been let for approx. 12 years. I do not have a PPR for the last 8 years or so and am renting a house.
    I hope to sell the rented property in the next while.
    Question is if I do not re-let when the current tenants move out, move into the house myself and claim it as my PPR for a year or so can I avoid CGT when I sell or (as I suspect) do I only avoid a portion of the CGT pro-rata to the 1 year it was my PPR??

    The latter, you suspect correctly.


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