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Category: CGT

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…

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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…

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CGT Relief on sale of property

CGT Relief on sale of property

Land or buildings acquired between 7 December 2011 and 31 December 2014 You may be due relief if you dispose of land or buildings acquired between 7 December 2011 and 31 December 2014. You must have owned the land or buildings for at least seven continuous years. You reduce the gain by the number of…

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