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A Capital Gains Tax Form is your way of reporting profits from selling assets to Ireland's Revenue Commissioners. When you make money from selling property, shares, or valuable items, this form helps calculate the tax you owe on those gains.

In Ireland, the standard CGT rate is 33%, and you'll need to file this form through Revenue's online service or Form CG1. The key filing dates are December 15th for gains made from January to November, and January 31st for gains in December. You'll need to keep records of purchase prices, sale amounts, and any qualifying relief you might claim.

You need to file a Capital Gains Tax Form when you sell or transfer assets at a profit in Ireland. This applies when you sell property, shares, valuable artwork, or even cryptocurrency for more than you paid for them. The form becomes necessary once your total gains exceed the annual exemption of €1,270.

File this form after completing any sale that results in a profit. For most transactions, submit it by December 15th for gains made from January to November, or by January 31st for December gains. Remember to file even if you've already paid preliminary tax - the form confirms your exact liability to Revenue.

• Form CG1: The standard paper form for reporting capital gains, used mainly by those who can't access Revenue's online services
• Form 12: A simplified version for PAYE workers reporting small capital gains alongside their annual tax return
• myAccount CGT Filing: The online version through Revenue's myAccount portal, suitable for most individual taxpayers
• ROS CGT Return: The comprehensive online filing system used by businesses and tax professionals through Revenue's ROS system
• Form CG50B: A special clearance certificate form needed when selling Irish property worth over €500,000

• Individual Investors: Anyone who sells shares, investment properties, or valuable assets must file Capital Gains Tax Forms to report their profits
• Property Developers: Regular traders in property need to document gains from each development sale
• Tax Advisors: Help clients calculate gains, apply relevant reliefs, and complete forms accurately
• Business Owners: Must report gains from selling company assets or shares in their business
• Executors: Required to report capital gains on assets sold during estate administration

• Purchase Records: Gather original purchase price documentation, dates, and any costs of acquiring the asset
• Sale Details: Document the sale price, date, and any expenses related to the sale like legal or auctioneer fees
• Asset History: Collect records of any improvements made to the asset that could affect its base cost
• Personal Information: Have your PPS number and tax reference details ready
• Relief Documentation: Prepare evidence for any tax reliefs you plan to claim, such as Principal Private Residence relief
• Calculation Check: Review your gain calculations carefully before submitting to Revenue

• Personal Details: Full name, PPS number, and tax reference number as registered with Revenue
• Asset Information: Complete description of the asset sold, including acquisition and disposal dates
• Financial Details: Purchase price, selling price, and calculation of the gain or loss
• Enhancement Costs: List of any qualifying improvements that increase the base cost
• Relief Claims: Details of any applicable tax reliefs being claimed
• Declaration Section: Signed statement confirming the information's accuracy under Irish tax law
• Payment Details: Method and timing of tax payment, including preliminary tax if applicable

While Capital Gains Tax Forms specifically report profits from asset sales to Revenue, they're often confused with the Anti-Facilitation of Tax Evasion Policy. Let's explore their key differences:

• Purpose: CGT Forms calculate and report specific transaction gains, while Anti-Facilitation policies outline company-wide procedures to prevent tax evasion
• Timing: CGT Forms are filed after specific transactions, but Anti-Facilitation policies remain active continuously as standing company policy
• Legal Requirement: CGT Forms are mandatory for reporting gains, whereas Anti-Facilitation policies are preventive measures required by larger organizations
• Content Focus: CGT Forms contain specific financial calculations and transaction details, while Anti-Facilitation policies detail procedures, responsibilities, and compliance measures