At Aisling

At Aisling Technologies, we provide expert guidance on managing Capital Gains Tax (CGT), ensuring that your asset sales or transfers are handled in the most tax-efficient way. Whether you're selling property, investments, or other assets, our team helps you navigate the complexities of CGT, calculate your liabilities, and ensure compliance with Irish tax law. We tailor our services to your specific circumstances, helping you minimize your tax liabilities while maximizing potential savings through available reliefs and exemptions. With our support, you can make informed decisions and optimize your tax position with confidence.

Our Capital Gains Tax Services Include:

• Expert Consultation:
  We offer a free consultation to discuss your CGT requirements and explore tax-saving opportunities.


• Accurate CGT Calculation:
  Our team calculates your CGT liability, ensuring all allowable deductions and exemptions are applied.


• Tax Return Preparation and Filing:
  We prepare and file your CGT return using Form CG1 or the CGT section of your annual income tax return, as required.


• Tax Planning:
  We offer strategic tax planning for more complex CGT transactions, helping you reduce liabilities before you make asset disposals.


• Timely Submissions:
  We ensure that all CGT returns are filed on time, avoiding penalties and interest charges.

What is CGT?

Capital Gains Tax (CGT) is a tax levied on the profit made from the sale or disposal of capital assets, such as:

• Shares


• Property


• Land


• Precious metals

CGT Rate in Ireland

• The standard CGT rate in Ireland is 33%, meaning one-third of your gain is subject to tax.


• However, there are reliefs and exemptions available, which can reduce or even eliminate your CGT liability in certain circumstances.

CGT Filing Requirements

• CGT returns must be filed when disposing of an asset, using Form CG1 or the CGT section of your income tax return (if self-assessed).


• If required, a Form 11 income tax return must also be filed.

Important Deadlines

• For gains between January 1 and November 30, 2024, the payment deadline is December 15, 2024.


• For gains between December 1 and December 31, 2024, the payment deadline is January 31, 2025.

CGT on Shares

• If you participate in an employee share scheme, CGT is due when you sell the shares. It is your responsibility to calculate the CGT due and file the necessary returns.

Capital Gains Tax Planning

• For more complex asset sales, such as business disposals or investment structures, tax planning is crucial. By consulting with us before making any disposals, you can explore opportunities to mitigate CGT and reduce potential liabilities.

The laws around CGT are intricate, but with our guidance, you can take advantage of available reliefs and exemptions, ensuring you pay only the minimum tax required.

Let Aisling Technologies help you manage your Capital Gains Tax obligations efficiently, so you can focus on what matters most to you.