Tax Clearance Certificate CG50A
Who should apply?
A person disposing of an asset (vendor) where the consideration exceeds €500,000 may apply for a tax clearance certificate Form CG50A.
Qualifying Conditions to receive CG50A
The certificate CG50A is obtainable if any of the following conditions are satisfied:
- The person making the disposal is Resident in the State.
- No Capital Gains Tax is payable in respect of the disposal.
- The Capital Gains Tax Liability has been paid.
What will happen if a vendor does not apply for Form CG50A?
The purchaser will be obliged to withhold 15% of the purchase price and return it to Revenue. The purchaser will then provide you with a 
Form CG50B - Capital Gains Tax - Section 980 (4) (a) (i) Taxes Consolidation Act, 1997. Deduction of tax from purchase consideration (PDF, 83KB) to enable you to reclaim this withholding tax from Revenue at a later date.
Documentation Required
- Completed Form CG50 - Application for Certificate under Section 980 (8) Taxes Consolidation Act 1997 (PDF, 165KB).
- Copy of Sale Contract.
Reference Material
- Section 980 Taxes Consolidation Act 1997
- Form CG50 - Application for Certificate under Section 980 (8) Taxes Consolidation Act 1997 (PDF, 165KB)
- Form CG50B - Capital Gains Tax - Section 980 (4) (a) (i) Taxes Consolidation Act, 1997. Deduction of tax from purchase consideration (PDF, 83KB)
- CGT 1 - Guide to Capital Gains Tax (PDF, 942KB)