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CG1 late return penalty

[Deleted User] · 2022-11-10 15:10:51

Hi All, Over the last few years I had been purchasing shares in the company I work for through a revenue approved share scheme. In 2021 I sold my first lot of shares and a made a gain of approximately 1000 euro so I have no CGT liability. I never filed a CG1 as I didn't think it was needed since I didn't owe any money to…

10-11-2022 3:10pm

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[Deleted User]
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Hi All,
Over the last few years I had been purchasing shares in the company I work for through a revenue approved share scheme. In 2021 I sold my first lot of shares and a made a gain of approximately 1000 euro so I have no CGT liability. I never filed a CG1 as I didn't think it was needed since I didn't owe any money to revenue. I have now filed a CG1 this week but how will a late penalty be handled if I don't owe them anything anyway? Am I not liable for any penalties?
Thanks

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#2 10-11-2022 4:43pm

relax carry on

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https://www.boards.ie/discussion/2058271218/cg1-late-return-penalty

No surcharge as you've no liability.

2