Sutton house was built in 2018 https://www.google.com/maps/@53.3920391,-6.1124677,3a,75y,344.89h,85.6t/data=!3m8!1e1!3m6!1s3HOGAZqSMln-IAMqwKF_pg!2e0!5s20180801T000000!6shttps:%2F%2Fstreetviewpixels-pa.googleapis.com%2Fv1%2Fthumbnail%3Fcb_client%3Dmaps_sv.tactile%26w%3D900%26h%3D600%26pitch%3D4.398702209779401%26panoid%3D3HOGAZqSMln-IAMqwKF_pg%26yaw%3D344.8949314700728!7i16384!8i8192?entry=ttu&g_ep=EgoyMDI2MDUxMC4wIKXMDSoASAFQAw%3D%3D
I see the owners who sold the site that was once their garden moved out not long after. I suppose selling the site and then selling the original house separate got them more money. And then the old saying you won't see it from my house when you get annoyed with the new neighbours on top of you.
unless i'm missing context, this is a common tactic regardless?
"These were the only bits we had in the box of Lego."
18 St Lelia St - Google Maps
Yeah, it apartments, not a house.
Are you missing a link to the ad?
The trick here is you build the house in the garden, sell your primary residence and move into the new gaff, then sell that and have minimal tax requirements and have just sold two houses for the price of one and the taxman looks on in envy.
It's not really a tax saving. The value comes from being able to build another house on an existing site, nothing to do with tax.
I generally run out of steam after looking at about ten photos. Never mind the sheer amount of them in that particular case. It's just not worth the effort. Not as if I am going to be buying it, in any case. 😁
If you build the house and sell it without it being your primary principle residence the tax hit makes it uneconomic. It has everything to do with tax.
You have no idea if that statement is true or not, nobody does other than the owners. You could end up selling it a loss over what it cost to build and there wouldn't be any tax, whether PPP or not.
There's no fast one being pulled here by moving into the house and making it your PPP. Your just changing your house.
Fair enough if the owner was getting out, and wanted to maximise sale price and minimise tax, then do as you say. Most wouldn't be bothered going to the hassle though
I do wonder what the door or whatever it is in photo 93 functions as but wow what an overload of pics especially because they are mostly useless.
Realise that there is no ad.
/Martix.
How long would they need to have lived in the second house before selling without having a tax bill
12 months.
https://www.revenue.ie/en/gains-gifts-and-inheritance/cgt-reliefs/principal-private-residence-ppr-relief.aspx
Its the reason people move into the "new" house and sell the old one. Yes, building the new house could cost more than its sold for, but most would not build the house in that case.
Its a tax incentivised way of getting new houses built on currently occupied land, I wouldn't call it a tax dodge.
What is the old saying?
"You won't see it from my house". A line many used when I was working in construction.
https://www.daft.ie/for-sale/house-ardsallagh-house-on-approx-80-5-ha-199-acres-ardsallagh-navan-county-meath/6531266
A bit of a fixer upper
2 million for a 3 bed with a box room. Madness.
I can only imagine the money you would have to put into it to get it ready to live in.
Might arrange a viewing to see what the old abandoned cars are…………… :-)
Apparently it was lived in until 2022 when the eldest daughter of the local builder that owned it died aged 90. 14 Grandchildren inherited it and are obviously cashing in their inheritance.
I've been to Bellinter House loads of times and drove by the entrance to Ardsallagh House many times too
and never knew it was there. Always thought it was just another entrance to a different section of Bellinter House.
That's an expensive fixer upper but with a bottomless pit of money, it could be a very beautiful house
I always look at those kind of houses and wonder would it be cheaper to just build a brand new house in the same style. It would presumably save a lot of headaches, and give you a more accurate cost from the get-go.
Cheaper sure. But the fundamental value of heritage properties is their authenticity. A fake Tudor estate home is pretty gimmicky imo
it'd also probably be cheaper to have a copy of a caravaggio painted and displayed than it would be to perform a proper resoration job on the original.
I know this is Galway, not Navan, but would €1m on top get you anywhere close to this finish, I think not
https://www.daft.ie/for-sale/property-saint-clerans-manor-saint-clerans-craughwell-co-galway/6538966
Jesus the tiles in the hallway
Totally. Travertine like the ones in the kitchen but with a satin finish would have been the way to go. Black is too stark, and takes away from the historic value of the house, totally unnatuned to designs of that era.
Apart from that, though; what an extraordinary property. The rest of the main house is exceptionally well appointed; and the house seems to be in great shape…
I love them tbh