1- Is is necessary to fill up a CGT form CG1 even though the gain is less than the personal exemption ?
2- The section about CGT on revenue website states that "In the case of married couples this exemption is available to each spouse but is not transferable".
Both my wife (Home Carer) and myself (PAYE) have invested some savings on the stock market throught a join account.
Are we entitled to €1270 or €2540 of personal exemption for CGT?
Send it in now, you will not get a surcharge for late submission as the liability is zero, but you are legally obliged to submit a return even no tax is due.
Can I confirm this is correct with regard to the CGT personal allowance for married couples "If account is in joint names then the double allowance is available"
I have read conflicting advice on this including a query on the Key Post "It is better for married couples to own shares in their separate names to avail of the personal exemption"