did you find out if this can be done on myAccount website or on paper only
No,I didnt find out yet, but when I do I will let you know.did you find out if this can be done on myAccount website or on paper only
No,I didnt find out yet, but when I do I will let you know.
Personal exemption
Individuals have a personal exemption of €1,270 each year
Calculating the chargeable gain
The sales proceeds includes the net proceeds after paying broker fees.
The cost is the total cost including stamp duty and brokers’ fees
If you are a PAYE taxpayer only then it's a form CGT1 downloaded filled in and physically posted or scanned in through MyEnquiries. If your are a form 11 self assessed filer then it's part of the form 11.
I only do a CGT return on disposed of shares (filed in the year it was realized) when I am making a payment for CGT and where tax is due and then follow it up in the following year on the form 11 return. I will bow to greater tax knowledge here, but I imagine this would be covered if needed on the form 11 filed the following year.Is it necessary to file a return when the gain was less than the personal exeption? i.e. the net gain is €0 after deducting the relief.
For PAYE taxpayer.
I only do a CGT return on disposed of shares (filed in the year it was realized) when I am making a payment for CGT and where tax is due and then follow it up in the following year on the form 11 return. I will bow to greater tax knowledge here, but I imagine this would be covered if needed on the form 11 filed the following year.
I did a few years ago, but I had included an amount that wasn't correct, and I owed a few Euros more.To clarify, I am not referring to the payment which would be done in the year of sale. I am looking to find out if I need to file cgt1 form in addition to the usual form 12s online for 2019.
I don't owe anything. 2019 Net gain was €0 after personal exemption. Do I need to fill out cgt1 and does it have to be included somewhere on the form 12 online?
When to file your CGT return
You must file by 31 October in the year after the date of disposal. You must do this even if no tax is due because of reliefs or allowable losses.
Particularly sections 'When to file your CGT return' and 'How to file you CGT return.' It looks like you need to file a return in the year after the disposal irrespective of whether tax is due or not, and the process is self-explanatory per the above.
Anyone ?
No.Looking for clarification on calculation of CGT.
Total Net gain on sale of shares (No. Of companies) = 10000
CG tax due = 3300
Deduct personal allowance = 1270
Loss on sale on share X in same year = 2000
Tax due = 30
Is this the correct way to calculate capital gains tax due?
Would appreciate clarity as I wish to submit my tax return this month.
Thanks in advance.
These are realised gains and losses, ie you have sold these shares and gotten the money in the bank.Looking for clarification on calculation of CGT.
Total Net gain on sale of shares (No. Of companies) = 10000
CG tax due = 3300
Deduct personal allowance = 1270
Loss on sale on share X in same year = 2000
Tax due = 30
Is this the correct way to calculate capital gains tax due?
Would appreciate clarity as I wish to submit my tax return this month.
Thanks in advance.
Yes you do. Form 11 if doing ESPPHopefully related question with this topic. I am on PAYE and filling form 12 regularly. If I enroll into "Employee Share Purchase Plans" of my employer, I know that I should fill RTSO1 form in 30 days. But should I switch to form 11 instead of form 12 for my tax returns because I enroll into this plan?
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