Need help in completing CG1

ADSLUSER

In August I receive a letter from the Revenue asking me to complete the CG1 form as I disposed of some shares under my company Profit Sharing Scheme (whereby shares were purchased 3 years ago using annual bonus and held in trust for 3 years).

I disposed of these shares after the 3 years and made a gain of €656. As the gains falls under the personal exception limit of €1,270, do I still need to complete the CG1 form?

I also don't see any section in the form asking how many shares I disposed of or the purchase price. All that is ask is the "Aggregate Consideration" which I believe is the sale price.

If so, need some advice on how to complete Page 3: Chargeable Gains - I take it I just complete €0.00 since there is no chargeable gains since I fall under the personal exception limit?

Also on Page 4, there is a section called "Self-Assessment made under Chapter 4 of Part 41A", I assume I also complete €0.00?

Lastly, since I don't have any payments to make, is there a need to complete the CGT Payslip A? I assume no?

Any help would be much appreciated, as I don't have a clue - first time completing the form.

nompere

If Revenue want a return then you must send them one.

As you say, the proceeds (net of expenses of sale) go at 1 a).

The gain you've calculated goes at 7.

The Personal exemption of €1,270 goes at 11.

So the Net chargeable gain at 12. is nil.

You should put another nil at 19.

Then sign the form and that's it.

ADSLUSER

nompere, thank you so much for your help, very much appreciated!