want to sell a car I won, CGT?

JMSE · 2015-01-21 20:26:19

I read on revenue.ie that I don't have to pay CGT on a wasting asset, i.e. motor cars. Just wondering if that includes a car I won as a prize. Do I even have to pay tax on the value of the car as a prize, regardless of whether I sell it or not?? Thanks Sorry, value 15,740

21-01-2015 09:26PM

#1

JMSE

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I read on revenue.ie that I don't have to pay CGT on a wasting asset, i.e. motor cars. Just wondering if that includes a car I won as a prize. Do I even have to pay tax on the value of the car as a prize, regardless of whether I sell it or not??

Thanks

Sorry, value 15,740

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#2 21-01-2015 11:38PM

Mr. Incognito

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No cgt applies on cars

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