Capital Gains Tax December Deadline

Q. I think I may have missed the deadline for paying a Capital Gains Tax bill. Will I be charged interest by Revenue?  

15th December 2017

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.

Disclaimer: Advice shared in this blog is intended to inform rather than advise. 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 forum, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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Call us today to make an appointment at your local office

1890 98 76 09

Or submit an enquiry