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cat returns

  • 16-11-2017 10:19am
    #1
    AvonEnniskerry
    Registered Users, Registered Users 2 Posts: 354 ✭✭


    How much should I expect to pay for a very straight forward capital acquisition tax return. For under the allowed government amount? Thank you. I just find my current agent charges approximately double what I'm used to paying so I wanted a reasonable figure to come back to him with. Thank you


Comments

  • #2
    Lockedout2
    Registered Users, Registered Users 2 Posts: 402 ✭✭Lockedout2


    What you used to paying? How often have you had to file CAT returns?

    If it's straight forward with no liability and you are registered in ROS I'd imagine it's a small addition to the annual fee €100-€200.


  • #3
    exaisle
    Registered Users, Registered Users 2 Posts: 2,675 ✭✭✭exaisle


    AvonEnniskerry wrote: »
    How much should I expect to pay for a very straight forward capital acquisition tax return. For under the allowed government amount? Thank you. I just find my current agent charges approximately double what I'm used to paying so I wanted a reasonable figure to come back to him with. Thank you

    If the amount of the gain is less than 80% of the threshold amount (and you haven't used up any of the threshold previously, then you don't have to file.


  • #4
    AvonEnniskerry
    Registered Users, Registered Users 2 Posts: 354 ✭✭AvonEnniskerry


    Thank you. I don't usually file cat returns. I do however file income and corporation returns. And have found his prices generally double what I have previously paid for these services.


  • #5
    exaisle
    Registered Users, Registered Users 2 Posts: 2,675 ✭✭✭exaisle


    Best advice I can give is to simply get quotes from a few other accountants.


  • #6
    AvonEnniskerry
    Registered Users, Registered Users 2 Posts: 354 ✭✭AvonEnniskerry


    exaisle wrote:
    Just wondering whether there was any CAT payable at all?


    No just a return filed. And you're spot on. Usually I just bargain down his given price. But I have no idea of what is reasonable in this instance.


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  • #7
    exaisle
    Registered Users, Registered Users 2 Posts: 2,675 ✭✭✭exaisle


    AvonEnniskerry wrote: »
    No just a return filed. And you're spot on. Usually I just bargain down his given price. But I have no idea of what is reasonable in this instance.

    You should check your threshold figure....if it turns out that you didn't actually have to make a return, it would make a compelling case to get either a substantial discount on his fees....or to change accountants!


  • #8
    AvonEnniskerry
    Registered Users, Registered Users 2 Posts: 354 ✭✭AvonEnniskerry


    exaisle wrote:
    If the amount of the gain is less than 80% of the threshold amount (and you haven't used up any of the threshold previously, then you don't have to file.


    That's very helpful thank you


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