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

Capital Gains Tax

Peppa Cig · 2021-10-20 19:15:40

A PPR is purchased for €100k in 2001 and remortgaged to €450k in 2007 and sold for €400k in 2022. Is there any CGT liability considering the remortgage of PPR? thanks

20-10-2021 7:15pm

#1

Peppa Cig

Registered Users, Registered Users 2 Posts: 1,013 ✭✭✭

Join Date: February 2014

Posts: 895

A PPR is purchased for €100k in 2001 and remortgaged to €450k in 2007 and sold for €400k in 2022.
Is there any CGT liability considering the remortgage of PPR?
thanks

0

Comments

#2 20-10-2021 7:21pm

ismat

Registered Users, Registered Users 2 Posts: 168 ✭✭

Join Date: April 2010

Posts: 165

No cgt on ppr

2
#3 20-10-2021 7:36pm

1874

Registered Users, Registered Users 2 Posts: 2,409 ✭✭✭

Join Date: February 2017

Posts: 2318

https://www.boards.ie/discussion/comment/118050055#Comment_118050055

Unless it was rented for any years in between being a PPR, not sure if it's a straight percentage or fraction of years use

1
#4 20-10-2021 7:42pm

ismat

Registered Users, Registered Users 2 Posts: 168 ✭✭

Join Date: April 2010

Posts: 165

I was referring to a house that was always a ppr. Portion of gain exempt if rented is no of years as ppr +1 year \ total no of years owned

1