Can You Pick Which Property Avoids Tax | Dublin News

You thought you could pick which property to avoid capital gains tax? Think again. The tax rules don’t let you choose—only your main home qualifies for the principal private residence exemption. Since you moved out of your first property in 2017 and started renting it, you’ll pay tax on half the profit (based on how long you lived there vs. owned it). Your second home? Same rules apply if you ever sell it. And that sweet seven-year tax break? Too bad—it’s already closed for your first purchase. Tax law doesn’t care about your preferences—it cares about your residency history. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1678e77cd120a95a