Entrepreneur Relief This relief gives a CGT rate of 10% on gains from the sale of qualifying business assets. This is reduced from the normal rate of 33%. There is a lifetime limit of €1 million on the gains that you can claim relief on. Only gains on disposals made on or after 1 January 2016 are…
Which gains do you not need to pay CGT on? You do not need to pay CGT on gains from: betting first €1,270 of your gains in a year Own home subject to conditions Transfer site to children. Subject to conditions lottery wins prize bonds sweepstakes bonuses under the National Instalments Savings Scheme government stocks…
Selling your home – Tax implications When you transfer or sell a property you will be exempt from CGT if that property was your main residence while you owned it. This exemption also applies to land, up to one acre around a house. If you let your home at any point that you owned it,…
