Am hoping you can give some advice.
I was under the impression that with Capital gains tax was calculated as follows "The €17,086 deduction rises rises to €85,430 if the property has been the main residence of the tax payer for a minimum period of five years."
However I have informed that it should be, "provided that one lives in the residence for the past five years prior to sale and there are no other previous claims"
Which is correct?, or does it depend on who and when and which Tax office you visit?
If the property was in use by its owner(s) for a continuous and uninterrupted period of five years prior to its disposal and exclusively used for residential purposes and given that it is sited on land which does not exceed 1500 square metres, the maximum lifetime allowance is €85,430.07
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