Accounts

Accounts board - Oliver Niland Chartered Accountant & Tax Specialist Galway Ireland

Tax Returns

Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

New Business

Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

Category: CGT

CGT Deadline on 31st January 2020

CGT Deadline on 31st January 2020

CGT Deadline If you sold, gifted or transferred an asset between 1 December and 31 December 2019, or if you received capital payments from such assets, you must pay any Capital Gains Tax due by 31 January 2020. For disposals between 1 January and 30 November 2019, payment was due by 15 December 2019. These arrangements apply…

Read More Read More

Indexation relief

Indexation relief

How does Indexation Relief work? Indexation Relief (also known as ‘inflation relief’) may be claimed if you owned the asset that you are selling before 2003. With Indexation Relief, the market value of the asset at the time you became the owner is increased. This increase is based on inflation calculated by the Central Statistics Office. For…

Read More Read More

Sale of shares – CGT implications

Sale of shares – CGT implications

Capital Gains Consideration on sale of shares The rule is where an individual sells shares in a company and makes a gain, this gain is subject to Capital Gains Tax (CGT) at the prevailing rate (currently 33%). However, when a company sells shares in a subsidiary company (Trading Company) and realises a gain, this gain…

Read More Read More

© 2020 Oliver Niland & Co – Chartered Accountant and Tax Specialists | Powered by Outstandingthemes