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
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.
https://www.boards.ie/group/1878-subscribers-forum

Private Group for paid up members of Boards.ie. Join the club.

Capital Gains Tax on sale of PPR

  • 27-09-2022 02:26PM
    #1
    Registered Users, Registered Users 2 Posts: 30


    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



Comments

  • Registered Users, Registered Users 2 Posts: 162 ✭✭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



Advertisement