Capital gains tax
Which gains do you not need to pay Capital Gains Tax on?
You do not need to pay CGT on gains from:
- First €1,270 of gains
- Sale of own home
- Transfer site to son/daughter
- betting
- lottery wins
- prize bonds
- sweepstakes
- bonuses under the National Instalments Savings Scheme
- government stocks
- certain life assurance policies
- moveable property (such as furniture), where the gain does not exceed €2,540
- animals
- private motor cars.
Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie
