Offsetting Capital Gains Liability

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This topic contains 2 replies, has 2 voices, and was last updated by  Bergerac 3 years ago.

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  • #191383


    Can anyone advise if the capital (not the interest) already repaid on a mortgage can be offset against the 3% retention withheld from the selling price to cover the potential capital gains liability on a non-resident owned property?

  • #191413

    You cannot offset the capital already repaid against the 3% retention.

    The 3% of the sale price will always be retained indepently the offset of capital, the charges of the constitution of a mortgage etc. etc.

  • #191599


    Many thanks for the information

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