How to go about paying CGT after sale of investment property

gm88

Registered User
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Just sold investment property. All taxes up to date, but now we need to pay capital gains tax on profit. Our tax advisor said he doesn't do this. Who does?:confused: (Peoples Republic of Cork!!)
 
Seems strange that he can't help you or recommend somebody. What exactly does he do? Maybe get an accountant who can deal with this. Maybe also read the material about CGT on the Revenue website to apprise yourself of some of the details in advance of getting professional advice.
 
The tax advisor does our taxes each year, dealing with the rental income, both our wages, etc. Now that we have sold the rental property he said he cannot calculate the cgt. Will check out Revenue site.

Thanks Clubman!
 
Assuming there is nothing unusual about your situation, any tax advisor worth his salt should be able to calculate CGT. Is he a memeber of the tax institute of a recognised accountancy body?

See here
 
Very odd.

When you do calculate the tax on the sale, remember that the tax isn't payable until 31 October this year.
 
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