Capital Gains Tax

Capital Gains Tax (CGT) is a tax charged on the profit made on the disposal of certain assets, such as property or shares. A disposal includes sales, gifting and exchanges of assets.

It is payable by the person disposing of the asset. You pay tax on the profit which is the difference between the price you paid for the asset and the price you sold it for.

There are reliefs available including for the sale of your home, sales of sites to children and retirement relief. The first €1,270 of taxable gains each year are exempt from CGT.

CGT is a complicated tax and we recommend getting professional advice before you make any significant disposals of property, shares or other assets.

For more information about our CGT consultancy services, please call us on 021 240 9120 or email welcome@fidelia.ie.