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Capital Gains Tax on sale of PPR

  • 27-09-2022 1:26pm
    Registered Users Posts: 23

    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


  • Registered Users Posts: 178 ✭✭cloughy

    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