We offer a great range of property tax advice. You will pay no capital gains tax when you sell your family home as long as it has been used for the entire period of ownership, as your private residence.
If you rent out property you will pay income tax on the difference between the rents you have charged in a tax year, less any allowable expenses and charges.
Allowable Expenses include the following:
+ General Repairs
+ Mortgage or Loan Interest
+ Furniture Replacement
+ Annual 10% wear & tear allowance