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Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE -

IN­HER­ITED a prop­erty in Ire­land (along with my nine cousins) in 2000. We all live in Bri­tain. We are in the process of sell­ing the prop­erty for €190,000. Will we be charged Cap­i­tal Gains Tax (CGT) on the en­tire sale price of €190,000 — or on the amount it has in­creased in value by since 2000? (That is, if it was worth €100,000 in 2000, would our CGT be based on €90,000)? Would the CGT re­lief of €1,270 be per in­di­vid­ual — or only avail­able on the prop­erty as a whole? Are there any other taxes we need to be aware of? (We have just found out we have to pay a €7,200 NPPR fee as we were un­aware this had been im­ple­mented.) Must we get in­di­vid­ual PRSI num­bers prior to the sale? Fi­nally, are the taxes de­ducted at the com­ple­tion of sale or do we need to con­tact the tax of­fice our­selves as in­di­vid­u­als? Rosie, Lan­cashire

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