The payment of CGT for disposals made in ‘initial period’, which runs from 1 January to 30 November, was due on or before 15 December 2009. The CGT liability arising in respect of disposals made in the final month of 2009, 1 December to 31 December 2009, is due on or before 31 January 2010.

Payment can be made by sending a cheque for the CGT amount together with a CGT payslip, ‘A’ for the initial period or ‘B’ for the final period, to the Collector General. Payment may also be made via Revenue Online Service (ROS).

Taxpayers are also reminded that the standard rate of CGT is currently 25%, effective from 8 April 2009.