Tax Clearance Certificate CG50A

Who should apply?

A person disposing of an asset (vendor) where the consideration exceeds €500,000 or, in the case where the asset being disposed is a house or apartment where the consideration exceeds €1m and the disposal occurs on or after 1 January 2016, 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 pdfForm CG50B - Capital Gains Tax - Section 980 (4) (a) (i) Taxes Consolidation Act, 1997. Deduction of tax from purchase consideration (PDF, 213KB) to enable you to reclaim this withholding tax from Revenue at a later date.

Documentation Required

Reference Material

April 2016

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