Capital Gains Tax
Capital Gains Tax (CGT) is a tax on the profit made by disposing of an asset. The most common disposals that make people liable to CGT are the sale of shares and the sale of land or buildings. If you sell your own principal private residence you are, in most cases, not liable to CGT.
The current rate of CGT is 33%. The first €1,270 of a gain realised in any year is exempt. At Upper Third we can give you advice on the potential liability for a transaction, calculate the liability on completed transactions or complete your CGT return. Phone 051-873913 for further details.
The current rate of CGT is 33%. The first €1,270 of a gain realised in any year is exempt. At Upper Third we can give you advice on the potential liability for a transaction, calculate the liability on completed transactions or complete your CGT return. Phone 051-873913 for further details.
