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CGT, what deductions?
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17-02-2018 5:33am#1
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Just be thankful you're not living in one of the countries that has no separate capital gains tax, and just taxes capital gains at the marginal rate of income tax.I've done some research online, and read old posts here, but hope someone can clear up some stuff, not even sure if it's worth selling now, with the world's 3rd highest CGT.
Not much else, but if you have incurred other expenditure that you think might or ought to be deductible, tell us what it is, and we'll have a stab at whether it might be deductible.Can I add the following to the purchase price?
Legal fees
Upgrade, rennovation costs
Anything else?
Yes. 5/13ths of the gain should be exempt.Bought 13 years ago, primary residence for 5 years, any relief apply here?
It's 1,270 euro.I read you're not taxed on the first, 1250Euro .
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Just 1,270. It's unrelated to how long you have held the asset.. . . is that per year it's not your residence, so 8 x 1250? Or just 1250?
He should be grand, so.Bought with a friend, it's still his primary residence.0 -
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