Capital Gains Tax
Capital gains tax regulations place the onus on the taxpayer to calculate and pay capital gains tax at two different intervals throughout the year as follows:
- Payable by the 31 October in each year– capital gains tax on disposals of chargeable assets in the period from January to September of that year
- Payable by the 31 January in each year – capital gains tax on disposals of chargeable assets between the previous 1 October and 31 December of each year.
Capital gains tax is under self-assessment and a return must be made to the Inspector of Taxes by the 31 October in each year.
We can assist with the calculation, payment and return of any capital gains tax due, and ensure that any available relief against your capital gains is claimed.