What capital gains are exempt from CGT ?
The following capital gains are exempt from CGT :
- Gains on property owned by you that was fully occupied by you as your sole or main residence
- Gains from betting, lottery or prize bonds winnings
- Gains from sale of government stocks
- Gains on sale of wasting chattels such as animals, cars etc.
- Gains on life assurance policies
- Gains on sale of moveable property for less than €2,540 such as antique furniture etc.
Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie