Capital Gains Tax Return Ireland

We help individuals and businesses calculate and file their Capital Gains Tax (CGT) returns in Ireland, making sure your gain, losses and available reliefs are properly considered.

RICHARD OSHEA CONSULTANCY

Get Your CGT Return Right

Selling or disposing of an asset can create a Capital Gains Tax liability. This can apply when you sell property, shares, land, business assets or other investments.

However, calculating CGT is not always straightforward. You may need to consider the original cost, allowable expenses, losses, exemptions and available reliefs.

We help you calculate your gain, understand what you owe and complete your CGT filing correctly with Revenue.

UNDERSTANDING CAPITAL GAINS TAX

What Is Capital Gains Tax?

Capital Gains Tax is a tax on the gain you make when you dispose of an asset.

For example, you may have a CGT liability when you sell a property, shares, land or a business asset for more than it cost you.

The amount of CGT you pay depends on your taxable gain after taking account of allowable costs, losses, exemptions and reliefs.

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WHY IT MATTERS

Why Get Professional CGT Advice?

CGT calculations can involve more than simply subtracting the purchase price from the sale price.

We review the reliefs and exemptions that may apply to your circumstances.

Where you have allowable capital losses, we can check whether they can reduce your taxable gain.

CGT has separate payment and filing deadlines. We help you understand when each requirement applies.

YOUR PROACTIVE ACCOUNTANT

Meet Richard OShea

Richard OShea is a Chartered Accountant and Chartered Tax Adviser based in Cork, working with SMEs, construction businesses, and owner-managed companies across Ireland.

Capital Gains Tax can involve several calculations, reliefs and filing requirements. Richard works proactively with clients to make sure their CGT position is calculated correctly and reported on time.

Whether you’re selling property, shares, a business or another asset, you’ll receive practical advice and responsive support throughout the process.

Richard OShea – Chartered Accountant in Cork
CLIENT FEEDBACK

Trusted by businesses across Ireland

Real feedback from business owners we've worked with.

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jacky watts
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Richard is amazing plain and simple great thank you
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John Cashman
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Richard helped me start my new business and provides a flexible, tailored service that fits my business needs. He is responsive to enquiries and provides excellent advice and support. I would recommend him to budding entrepreneurs looking for a fresh approach.
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Mwasho Phiri
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I am delighted with the service provided by Richard OShea Consultancy. Very professional and helpful for anyone who is still learning the Revenue process as with my small business. Always available to answer any queries at any time.
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Niamh Prior
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Coming from an arts background with little education in finance, taxes etc, I was extremely satisfied with Richard's service. He was efficient and enthusiastic, as well as patient in explaining things to me and answering all my questions.
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Arleen Mc Donagh
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I couldn’t recommend Richard enough. I came across his services through Bark. Richard was a pleasure to deal with, professional, extremely responsive and very helpful with any queries I had. Overall, excellent service.
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AK Automotive
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Richard was great to work with and helped me massively in the process of setting up my company! Will definitely be working with Richard again.
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Emiliaz Jewellery
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We recently worked with Richard from Richard O'Shea Consultancy for our accounting needs at Emiliaz Jewellery, and we couldn't be more satisfied. Richard's professionalism and expertise were evident from the start. He provided clear, insightful advice and managed our accounts with exceptional skill and efficiency. His friendly demeanour made the entire process smooth and stress-free. Highly recommend Richard for anyone in need of top-notch accounting services!
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Pauric Coyle
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Richard was hired to do the accounts and give tax advice for my golf rental Bussiness. He keeps myself and my staff up to date on tax deadlines and all relevant paperwork. He is a pleasure to work with and everything is done with great precision. Richard has made this end of my company to run seamless without any stress. He always has time to answer and accounting queries and questions I may have.
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Lucy G
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I found Richard’s company via Facebook when I was looking for a very reputable accountant for my new start up business. From the initial contact right through to the business set up, Richard has been nothing but highly professional, diligent and all round just fantastic at his job. He has wide ranging knowledge for anyone wanting to use his services. I would recommend connecting with Richard if you are looking for invaluable advise regarding starting your own business and to those already in business that might not currently be getting the service and expertise they desire. Everything was seamless for my start up and Richard looked after everything that needed to be done from a practical and legal standpoint. I would highly recommend Richard for anyone in business.
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Annie Wolf
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I found Richard's firm on Bark. From the get go he was very friendly and professional and happy to answer any questions I had. He was prompt and thorough and made it very clear what I needed to do on my end in terms of documents required or adjustments that needed to be made to my accounts. It really took all the stress out of the process for me. I would highly recommend Richard's service, worth every penny!
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NEED TO KNOW

Frequently asked questions

Clear answers to common questions from business owners considering this service.

The payment date depends on when you dispose of the asset.

For disposals between 1 January and 30 November, CGT is generally due by 15 December of the same year.

You must file your CGT return by 31 October of the year after the year in which you disposed of the asset.

Importantly, you must file a return even if no CGT is ultimately due because of losses or reliefs.

CGT can apply when you dispose of assets such as property, land, shares and other investments.

Yes. Allowable capital losses can generally be used to reduce taxable capital gains, subject to the relevant rules.

Your principal private residence may qualify for Principal Private Residence Relief if the relevant conditions are met.

However, the relief can depend on factors such as how you used the property and the period you owned it.

You may still need to report the disposal. Revenue states that a CGT return is required even where no tax is due because of reliefs or allowable losses.

If you normally file an Income Tax return, you can report your CGT through the relevant section of your Form 11.

If you do not need to file an Income Tax return, you can generally use Form CG1.

GET STARTED

Need Help With Your CGT Return?

Book a free 15-minute discovery call. If you have sold or disposed of an asset and are unsure about your Capital Gains Tax liability, we can help.