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How much tax on my compensation?

Hannaho · 2019-01-26 22:10:42

It seems I am likley to get just over 100k for compoensation for damage to my house from renovation project gone wrong. I wasn't aware i had to pay tax on this - but it seems that I do - and I can't seem to find out how much CGT it will be from Revenue. It was compensation for having to do 75k of remedial work on my house,…

26-01-2019 10:10pm

#1

Hannaho

Registered Users, Registered Users 2 Posts: 737 ✭✭✭

Join Date: August 2010

Posts: 427

It seems I am likley to get just over 100k for compoensation for damage to my house from renovation project gone wrong. I wasn't aware i had to pay tax on this - but it seems that I do - and I can't seem to find out how much CGT it will be from Revenue. It was compensation for having to do 75k of remedial work on my house, along with stress, devaluation etc. The remedial work was done 2 years ago. Does anyone know how much CGT it will be on 105K. It really hardly seems worth going through all the sress of getting a payout!

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