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Converting free standing garage to self contained flat

  • 23-05-2025 11:55AM
    #1
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,978 ✭✭✭✭


    neighbour planning to convert the upstairs over a garage to a self contained flat.

    I don't have an issue with it, they asked me

    What taxation issues occur? , one that came to mind is a possible impact on CGT exemption for PPR.

    Thanks as always

    “I can’t pay my staff or mortgage with instagram likes”.



Comments

  • #2
    dennyk
    Registered Users, Registered Users 2 Posts: 1,907 ✭✭✭dennyk


    Converting part of a detached garage to a flat in and of itself has no tax consequences. Renting out said flat would attract income tax (which wouldn't be eligible for Rent-a-Room relief, since the garage is not attached to the main house) and may affect their PPR relief, since it would be a portion of the property that is being used for business purposes (as a self-contained residential rental property) and not as their PPR.



  • #3
    Claw Hammer
    Registered Users, Registered Users 2 Posts: 7,059 ✭✭✭Claw Hammer


    https://www.boards.ie/discussion/comment/123544392#Comment_123544392

    It would also cause CGT issues eventually if the property is sold during the lifetime of the owner. .



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