Calculate and estimate
Sell or rent
Should I sell or rent my home?
A sale would not generate any taxable capital gain. This means that you have no capital gain tax benefit by selling today as primary residence.
A sale would not generate any taxable capital gain. This means that you have no capital gain tax benefit by selling today as primary residence.
Gain when selling
| Scenario | As primary residence now | As investment in 1 year |
|---|---|---|
| Capital gain | €150,865 | €150,865 |
| + New capital gain | – | €15,900 |
| – Capital gain tax | – | (€8,718) |
| = Net capital gain | €150,865 | €158,047 |
| + Rental income | – | €21,000 |
| – Interests | – | (€12,600) |
| – Management fee | – | (€2,047) |
| – Auxiliary costs | – | (€1,418) |
| – Tax due or savings | – | –€667 |
| = Net rental income | – | €4,268 |
| Total gain | €150,865 | €162,315 |
| Gain or (loss) as an investment | – | €11,450 |
Monthly cost implications
Your total additional charge of keeping your current home as an investment will be €305 per month.
Keeping your current home as an investment will cost you an extra €305 per month, as your monthly net rental income of €1,544 (excluding paid interests) will not cover your debt repayment of 1 850 € (interests and principal).
As your are at loss while selling, without making any releasable equity, you will not be able to use anything as a down payment for a future loan.