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Tax Returns

wicklow_hunter · 2016-10-13 07:25:34

Hi All, I purchased stocks and shares and sold them again without making any substantial profit 200-300 euro This is below the threshold to pay tax on circa 1000? Do i still need to file it with the revenue? I believe i need to file it by trhe end of October if this is the Case? Any help or guidance is appreciated

13-10-2016 7:25am

#1

wicklow_hunter

Registered Users, Registered Users 2 Posts: 156 ✭✭

Join Date: March 2009

Posts: 105

Hi All,

I purchased stocks and shares and sold them again without making any substantial profit 200-300 euro
This is below the threshold to pay tax on circa 1000?
Do i still need to file it with the revenue?

I believe i need to file it by trhe end of October if this is the Case?

Any help or guidance is appreciated

0

Comments

#2 13-10-2016 8:10am

Prezatch

Registered Users, Registered Users 2 Posts: 952 ✭✭✭

Join Date: January 2003

Posts: 849

The Form CG1 should be completed by persons who make disposals of assets during the year and who are not obliged to submit an income tax return i.e. employees with no other income or individuals exempt form income tax.

And yes, the annual exemption is €1,270

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