How much of a CGT Liability on a Gain do i need to pay now as Preliminary Tax

Passport1 · 09-09-2020 9:31am #1

Hi
I sold shares last month - Aug 2020 and have received the proceeds from the sale

I have worked out my CGT Liability on the Gain

What % of that CGT Liability do i need to pay now as part of CGT Preliminary Tax - is it the full 100% of the Liability on the Gain or a % now and the remainder then to be paid in 2021.

If the latter what % of the CGT Liability do i need to pay now

Thanks

relax carry on · 09-09-2020 10:56am

Passport1 wrote: »

Hi
I sold shares last month - Aug 2020 and have received the proceeds from the sale

I have worked out my CGT Liability on the Gain

What % of that CGT Liability do i need to pay now as part of CGT Preliminary Tax - is it the full 100% of the Liability on the Gain or a % now and the remainder then to be paid in 2021.

If the latter what % of the CGT Liability do i need to pay now

Thanks

100% by 15/12/2020. CGT return to match the payment due next year.

https://www.revenue.ie/en/gains-gifts-and-inheritance/transfering-an-asset/when-and-how-do-you-pay-and-file-cgt.aspx

How much of a CGT Liability on a Gain do i need to pay now as Preliminary Tax

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