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Pay and File Payment Reminder? Shares?.

Spirogyra · 2014-09-18 10:05:15

Hi got this in the post. My only liability is from shares sold, and this is my first time having sold shares, so am not quite sure what to do?. Capital Gains tax is mentioned, this is the net gain, 33 % on any rise in value on shares, and losses are deductable against tax on profits?. Anyway I assume I should complete this…

18-09-2014 11:05am

#1

Spirogyra

Closed Accounts Posts: 1,184 ✭✭✭

Join Date: August 2014

Posts: 910

Hi got this in the post. My only liability is from shares sold, and this is my first time having sold shares, so am not quite sure what to do?. Capital Gains tax is mentioned, this is the net gain, 33 % on any rise in value on shares, and losses are deductable against tax on profits?. Anyway I assume I should complete this form, or is it an entirely different form?.

Thanks
Sarah

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#2 22-09-2014 10:07am

SRASE

Registered Users, Registered Users 2 Posts: 86 ✭✭

Join Date: July 2010

Posts: 86

Depends which tax the pay and file payment reminder was for.

If it was for income tax you must submit an income tax return by the 31st October (extension if filed online).

Any capital gains you received between 1st January 2014 and 30th November 2014 must be paid by the 15th December 2014.

A CG1 must also be filed by the 31st October 2015. If you are filing an income tax return this CG1 is included as part of the Form 11.

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