The Shannon-based president of Active Retirement Ireland says taxing the sale of a family home would amount to “shooting older people in the foot”.
As it stands, homes are exempt from capital gains tax – which is 33 per cent of the increase in value of any property between the time they buy and sell it.
However, it has been suggested by the government’s tax strategy group that this rate could be imposed on the family home too.
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Kay Murphy has been telling Clare FM’s James Mulhall why it’s not on:
