Capital Gains Tax (CGT) on the sale, gift or exchange of an asset

When and how do you pay and file CGT?

Your payment for CGT is due before you file your return.

The dates you pay and file CGT are based on the date you sold, gifted or transferred an asset.

When to pay your CGT

For disposals made between:

  • 1 January and 30 November (the initial period), you must pay CGT by 15 December of the same year.
  • 1 December and 31 December (the later period), you must pay CGT by 31 January of the next year.

For disposals made under a written contract, the time of disposal is usually the date of the contract.

How to pay CGT

If you are:

Registering for CGT

If you have a tax registration number, send a request to be registered for CGT through MyEnquiries to your regional registration office.

If you have never been registered for tax you will need to complete a:

Form TR1 if you are an individual

- Form TR2 for a company

Form TR1 (FT) if you are a non-resident individual

Form TR2 (FT) for a non-resident company.

When to file your CGT return

You must file by 31 October in the year after the date of disposal. You must do this even if no tax is due because of reliefs or allowable losses.

How to file your CGT return

There are several different CGT returns:

Use ROS to file your Form 11, Form 1 or Form CT1. You can post the Form CG1 or Form 12 to your Revenue Office.

Information to include on your CGT return

When you complete your CGT return you will need to include:

  • a description of asset or assets you disposed of
  • the amount you received for the asset or assets
  • any reliefs you have claimed
  • any unused losses from a prior year that are to be offset
  • the chargeable gain (or loss)
  • your taxable gain and CGT rate.

Next: How to calculate CGT