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Tax return for CGT

  • 15-01-2020 12:22pm
    #1
    kingdomfan
    Registered Users, Registered Users 2 Posts: 31 ✭


    Hi everyone, I bought a house in 2013 and sold it in 2019, so I should fall into the grace period the government had going in 2013, of hold for 7 years (then reduced to 5) and pay no capital gains.

    My question though is, do I have to file a tax return or anything?


Comments

  • #2
    thegolfer
    Registered Users, Registered Users 2 Posts: 346 ✭✭thegolfer


    kingdomfan wrote: »
    Hi everyone, I bought a house in 2013 and sold it in 2019, so I should fall into the grace period the government had going in 2013, of hold for 7 years (then reduced to 5) and pay no capital gains.

    My question though is, do I have to file a tax return or anything?

    Yes, noting the reliefs claimed.


  • #3
    kingdomfan
    Registered Users, Registered Users 2 Posts: 31 ✭kingdomfan


    I should have done this last year (2019) Is there a way of submitting a late tax return.


  • #4
    Stratvs
    Registered Users, Registered Users 2 Posts: 958 ✭✭✭Stratvs


    kingdomfan wrote: »
    I should have done this last year (2019) Is there a way of submitting a late tax return.

    You're not late filing the return if the disposal was in 2019.
    The CGT Return ( CG1) for 2019 is due by 31/10/2020.

    If you had CGT to pay then the payment dates for that fell 15/12/19 and 31/01/2020 depending on the disposal date, however as you appear not to have a liability you just file the return on or before the due date.


  • #5
    kingdomfan
    Registered Users, Registered Users 2 Posts: 31 ✭kingdomfan


    Great, thanks very much


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