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selling property. No net gain CGT question

scary · 2019-10-26 23:42:13

hi Im selling a property and have no net gain. do i just do nothing till next year and submit form 12 next year saying the same or do i have to still submit CG1 before 15 Dec. Sale due to close before end nov. thanks

26-10-2019 11:42pm

#1

scary

Registered Users, Registered Users 2 Posts: 416 ✭✭

Join Date: May 2003

Posts: 369

hi

Im selling a property and have no net gain. do i just do nothing till next year and submit form 12 next year saying the same or do i have to still submit CG1 before 15 Dec. Sale due to close before end nov.

thanks

0

Comments

#2 27-10-2019 12:11am

ldy4mxonucwsq6

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Join Date: August 2017

Posts: 1503

scary wrote: »

hi

Im selling a property and have no net gain. do i just do nothing till next year and submit form 12 next year saying the same or do i have to still submit CG1 before 15 Dec. Sale due to close before end nov.

thanks

In a case where there was any CGT due and house was sold by 30 November, you'd need to pay the CGT by 15 Dec this year.

Far as I know you only need to include it on the CG1 file for next years return, by end of Oct 2020.

0