TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Capital gains tax deadline and treatment of losses

You are reminded that the deadline for payment of capital gains tax (CGT) on chargeable gains arising between 1 December and 31 December 2019 is 31 January 2020.

The CGT due on or before 31 January must be paid online using Revenue Online Service (ROS) or myAccount. If the taxpayer is exempt from mandatory efiling then an email should be sent to the Payment Accounting section of the Collector-General’s Division and payment should be sent along with the appropriate payslip (CGT Payslip B).

Revenue Tax and Duty Manual Part 19-02-05 has been updated to reflect the fact that a deduction in respect of an allowable loss can only arise when there is a chargeable gain against which that loss can be offset.