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Capital Gains Tax on sale of PPR

johnny1x · 2022-09-27 13:26:56

I am aware that you are exempt from CGT on the sale of your PPR and such exemption includes a 12 month period after you no longer live in the house (i.e moved into new home) If the property takes longer than 12 months to sell does anybody know how is the CGT calculated please ? House not lived in not rented etc

27-09-2022 1:26pm

#1

johnny1x

Registered Users, Registered Users 2 Posts: 29 ✭

Join Date: February 2013

Posts: 27

I am aware that you are exempt from CGT on the sale of your PPR and such exemption includes a 12 month period after you no longer live in the house (i.e moved into new home)
If the property takes longer than 12 months to sell does anybody know how is the CGT calculated please ? House not lived in not rented etc

0

Comments

#2 27-09-2022 3:26pm

cloughy

Registered Users, Registered Users 2 Posts: 180 ✭✭

Join Date: January 2006

Posts: 164

Percentage of time as PPR plus 12mts over total ownership times gain (proceeds less cost and expenses) is exempt, remainder taxable,

Lots of examples in previous messages, but also on the Web,

The taxable gain can be reduced by 1270 personal gain or twice that if jointly owned times 33% is your tax

1