Capital Gains Form CG1

[Hopefull]

Is there somewhere that gives a simple step by step guide on how to complete this form?

 

[Protocol]

Any good?

completing cg1 form - Google Search

 

[Protocol]

 

[theObserver]

I follow that one too. Although one thing that confused me is people saying we need to register for CGT on ROS but when I went to check I had the option of paying CGT. Maybe they updated the system.

 

[T McGibney]

I follow that one too. Although one thing that confused me is people saying we need to register for CGT on ROS but when I went to check I had the option of paying CGT. Maybe they updated the system.

That means you're already registered for CGT.

 

[banchang]

So let me clarify - if I make a gain in 2024, I make the payment for CGT on the gain by December 15 2024, without completing any return showing what the sale related to, or without any supporting calculations ? That comes when I submit my 2024 Form 11 in ROS before Nov 14 2025 ? (I'm registered for CGT).

 

[galwegian44]

 

[T McGibney]

So let me clarify - if I make a gain in 2024, I make the payment for CGT on the gain by December 15 2024, without completing any return showing what the sale related to, or without any supporting calculations ? That comes when I submit my 2024 Form 11 in ROS before Nov 14 2025 ? (I'm registered for CGT).

You'd be as well off filing the CG1 at the same time as you make the payment. Leaving it the guts of a year to do so merely multiples the risk of later forgetting to file and thus incurring a surcharge.

 

[Flybytheseat]

You'd be as well off filing the CG1 at the same time as you make the payment. Leaving it the guts of a year to do so merely multiples the risk of later forgetting to file and thus incurring a surcharge.

Don't believe the 2024 GG1 Form is available yet on the revenue website. Latest seems to be a 2023 Form.

 

[T McGibney]

Don't believe the 2024 GG1 Form is available yet on the revenue website. Latest seems to be a 2023 Form.

I know, and that's frankly silly on Revenue's part, but it's very easy to adapt a 2023 one to fit. I've already successfully filed a few dozen of those, this year to date.

 

[nest egg]

I know, and that's frankly silly on Revenue's part, but it's very easy to adapt a 2023 one to fit. I've already successfully filed a few dozen of those, this year to date.

I do this too. Cross out the old year, write in the new one on the form, never had an issue.