Questions and Answers
15th of December CGT Deadline
Q: I work for an American multinational and this year I sold some shares in April for the first time. What do I have to do in relation to tax?
A: When you sell an asset such as shares you will be liable to pay Capital Gains. When you pay the tax will depend on when you disposed of your asset. There are two payment deadlines. CGT on gains made between 1st January and 30th November 2015 should have been paid by the 15th December 2015 while CGT on gains in December is due to be paid by the 31st January 2016. In your case you sold the shares in April so you need to file the return soon- by the 15th of December.
To do this, you will need to register with the Revenue’s online service ROS or alternatively you can hire an Accountant to look after this for you.
Date published 30 Nov 2015
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.Choose the right accounting firm for you
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