Capital Gains Tax December Deadline

A. For any disposals liable to Capital Gains Tax (CGT) made between 1 January 2017 and 30 November 2017 you must pay CGT by 15 December 2017.

If you missed this deadline then Revenue can impose interest for late payment at a rate of .0219% per day that the payment remains outstanding.

The longer the payment remains outstanding there is the increased likelihood that you could be selected for audit which may result in the imposition of additional penalties.

Even if you have missed the deadline talk to your accountant ASAP to ensure that your affairs are brought up to date in a timely manner.

Date published 15 Dec 2017

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.