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Declaring tax liability after property sale

  • 12-09-2020 3:17pm
    #1
    kingdomfan
    Registered Users, Registered Users 2 Posts: 31 ✭


    I am a PAYE worker and sold a house last year.

    I am wondering what form do I fill in for the sold house.

    Is it the form 11.


Comments

  • #2
    DubCount
    Registered Users, Registered Users 2 Posts: 1,094 ✭✭✭DubCount


    AFAIK the tax at issue will be CGT (assuming its not your PPR that you're selling). You first have to pay the CGT on ROS (by 15 December I think). If you file a form 11, you can make the tax declaration in the CGT panel. If you are not registered for Income tax reruns, I think there is a CG1 form you can file in stead.


  • #3
    Geuze
    Registered Users, Registered Users 2 Posts: 14,036 ✭✭✭✭Geuze


    kingdomfan wrote: »
    I am a PAYE worker and sold a house last year.

    I am wondering what form do I fill in for the sold house.

    Is it the form 11.

    It depends on whether or not you made a taxable capital gain?


  • #4
    kingdomfan
    Registered Users, Registered Users 2 Posts: 31 ✭kingdomfan


    Geuze wrote: »
    It depends on whether or not you made a taxable capital gain?

    I did make a capital gain, but I bought in 2013 and held for 6 years so should be exempt, I just can't find how to declare all this.


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