Cáin2 nóim. léitheoireachta
Capital gains tax in Ireland: a beginner's guide
What counts as a gain, the €1,270 you can make tax-free each year, the reliefs people ask about most, and when the tax has to be paid.
Ó Irish Fintax Nuashonraithe Leathanach 2 de 2 Tá an t-alt seo scríofa i mBéarla.
Ar an leathanach seo
Reliefs people ask about
Your home
Selling the home you live in is usually free of CGT, thanks to principal private residence relief. If it was not your main home for the whole time you owned it, for example because you rented it out for some years, only part of the gain is relieved.
Selling a business
Revised entrepreneur relief can reduce the rate to 10% on gains from qualifying business assets, up to a lifetime limit of €1.5 million. The conditions are strict, so check them carefully before counting on it.
When CGT is due
CGT is paid in one of two windows, depending on when you sold:
- Gains made from 1 January to 30 November: pay by 15 December of the same year.
- Gains made in December: pay by 31 January of the following year.
You also report the gain on your tax return, which is due by 31 October of the following year. Paying late brings interest even if the return itself is on time.
Run your own numbers in the CGT calculator. It also handles losses, indexation on older assets and main-home relief.
Faisnéis ghinearálta amháin, ní comhairle airgeadais, chánach ná dlí. Athraíonn rátaí agus rialacha agus is tábhachtach do chúinsí féin, mar sin seiceáil le Revenue nó le comhairleoir cáilithe rialáilte sula ndéanann tú cinneadh mór.
Athbhreithnithe ag Arif Bhuiyan, FCA, ACA, MBA, MSc agus ag grúpa gairmithe airgeadais in Éirinn ar mian leo litearthacht airgeadais a dhéanamh níos éasca do dhaoine in Éirinn.
