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Last Activity: 13-05-2019, 22:34 PM
Joined: 19-05-2016
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  • Big_T
    replied to CGT - when value of house is taken from
    The theoretical price when you moved out is irelevant.

    If you owned it for 8 years and lived there for 4, then 50pct of the gain is eligible for ppr relief. I.e no CGT.

    If you own it 10 years and lived there 4,then 40 pct is eligible for ppr....
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  • Yes but if this whole post is about getting 40pct relief on 24k pension contribs made by wife after transferring 24k property income, that will not be possible. Only 20pct available (as she earned this 24 from job) , even though 40 pct tax paid on 14k of it....
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  • Old thread I know, but one thing to bare in mind is rental income does not count as earned income for the purpose of pension contributions. So no tax credit if you put that money into pension....
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