Transferring an asset (Capital Gains Tax – CGT)

What do you pay CGT on?

You have to pay CGT on gains made from the sale, gift or exchange of an asset such as:

• land
• buildings (houses, apartments, or commercial property)
• shares in companies (Irish-resident or non-resident)
• assets that have no physical form such as goodwill, patents and copyright
• currency (other than Irish currency)
• assets of a trade
• foreign life insurance policies and offshore funds
• capital payments (in certain situations).

You may also have to pay CGT on gains for other types of assets. Examples of these assets include antiques, paintings and jewellery.

In some situations, reliefs and exemptions may apply. 

Next: How do you pay and file CGT?