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Capital Gains Tax on the sale of a property within a year of the purchase
I bought an apartment in December 2007 and someone has come along unexpectedly, interested in buying it from me at a good price, considering the awful housing market conditions at present. I stand to make a profit of about 15,000 Euros. What would be the Capital Gains Tax position if I sell within 12 months of purchase? Is it better to wait until after 12 months? Is there a formula I can use to calculate how much tax I will pay? Thank you for your help.
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