Capital Gains Tax

Capital Gains Tax is a tax on gains arising on disposals of assets owned by an individual.

An asset is a house, land, business, shares, certain paintings and antiques.

A disposal can be a sale, transfer, exchange or gift. Money does not necessarily have to change hands.

Everyone is obliged to pay CGT and file a return when they dispose of an asset other than their Principal Private Residence.

A disposal giving rise to a gain made between 1 January and 30 November must be paid to Revenue by 15 December of that year.

Any disposals made in December must be paid by 31 January of the following year.

Capital Gains Tax is payable:

at 33% from 6th December 2012.
Certain reliefs and expenses are allowed against capital gains.

Each individual also has a small annual exemption.

We will calculate your CGT liability, ensure you get all the reliefs you are entitled to

and complete and file your return with Revenue.