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 and selling your home

  • 20-11-2017 10:09pm
    #1
    Owldshtok
    Registered Users, Registered Users 2 Posts: 292 ✭✭


    Is it correct that if you are selling your primary residence or home,in order to buy another residence in the state to move into and call home, that the transaction is exempt from capital gains tax?

    What's the liability if you sell your only property and move abroad permanently?


Comments

  • #2
    Tenigate
    Closed Accounts Posts: 849 ✭✭✭Tenigate


    If you sell your PPR, and the property has been your PPR since you first acquired it, there's no liability in either case... Whether you're selling it to move house, emigrate, etc.

    If there was ever a time you rented it out, left it vacant, lived elsewhere or used part of it for business, there will be a cgt liability.


  • #3
    Owldshtok
    Registered Users, Registered Users 2 Posts: 292 ✭✭Owldshtok


    Thanks.How would the rent a room scheme fit in there?


  • #4
    Tenigate
    Closed Accounts Posts: 849 ✭✭✭Tenigate


    The whole point of that scheme is there'll be no tax liability.. including cgt.


Advertisement