What do you pay CGT on ?
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.
Capital gains tax rate is currently 33%
Any queries on the above give me call on 091 763817 or email me at oliver@taxreturnhelp.ie