Property owners increasingly are having to go to court to get an overholding tenant to leave. Photograph: iStock
I am selling my family home. It was rented for one year. I have lived in it for four years.
It was only rented as the tenant was overholding and I had to go to court to get him out. Can you please advise me on how I calculate the capital gains tax on my property?
Ms A.W.
Capital gains tax is one of the less tricky Irish taxes to get your head around but your situation is somewhat complicated by this tenant issue.
In general, you pay capital gains on the difference between the price you sell something for and the price you paid for it initially. You are allowed to claim “directly relevant expenses”. In the case of a property, these would include any legal and estate agency costs involved in both the purchase and the sale that left you out of pocket.
Peop
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