Any sale of the below assets which are not taxable under Income tax, the Capital Gains Tax (CGT) is imposed on the flat rate of 20%
CAPITAL GAINS TAX (CGT)
Upon calculating the Capital Gains Tax, various deductions apply on the sale proceeds:
|Description||Allowance (Euro €)|
|Disposal of principal private residence (certain conditions apply),||85.430|
|Disposal of agricultural land by a farmer||25.629|
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