Capital Gains Tax 2004

[Johno]

I recieved a notice of assessment to capital gains tax for the year 2004 in the post yesterday. The amount owed is €6,201.00.
I understood that GGT applied to profit on the sale of property/ shares etc. I have not sold any of the above since 2000/1 and the GGT was paid in full in 2002 to the tune of €8,000.
I have tried ringing the renenue all day but with no joy.
Would anyone have any idea why I would owe money for 2004 when i did not sell anything? My accountant is on holidays hence my asking.

Thanks

 

[Ham Slicer]

Impossible to say.

Keep calling the tax office - Revenue will be able to tell you how the assessment was raised.

of just wait until your accountant surfaces and ask him to check it out for you.