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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Planning to Sell an Asset?

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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
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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.