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Capital Gains Tax

Peppa Cig · 2021-10-20 19:15:40

A PPR is purchased for €100k in 2001 and remortgaged to €450k in 2007 and sold for €400k in 2022. Is there any CGT liability considering the remortgage of PPR? thanks

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20-10-2021 8:15pm

#1

Peppa Cig

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A PPR is purchased for €100k in 2001 and remortgaged to €450k in 2007 and sold for €400k in 2022.
Is there any CGT liability considering the remortgage of PPR?
thanks

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#2 20-10-2021 8:21pm
ismat

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No cgt on ppr

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#3 20-10-2021 8:36pm
1874

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https://www.boards.ie/discussion/comment/118050055#Comment_118050055

Unless it was rented for any years in between being a PPR, not sure if it's a straight percentage or fraction of years use

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#4 20-10-2021 8:42pm
ismat

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I was referring to a house that was always a ppr. Portion of gain exempt if rented is no of years as ppr +1 year \ total no of years owned

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