Capital Gains Tax
Navigating the complexities of Capital Gains Tax (CGT) can be daunting. Whether you’re a business owner, investor, or individual, managing your capital gains tax obligations effectively is crucial for optimising your financial outcomes.
Capital gains tax specialists
Our capital gains tax service is designed to maximise specific reliefs and exemptions provided for in tax legislation and our services include the following:
- Minimising capital gains tax payable on transferring assets to the next generation
- Advising on the sale of shares and property
- Advising on the availability of ‘Retirement Relief’ on a transfer of a company or business
- Advising on the availability of ‘Entrepreneur Relief’ on a transfer of a company or business
- Advising on the capital gains tax implications of company reorganisations, mergers and management buy-outs and demergers
- Advising on the interaction between Irish capital gains tax and similar foreign taxes
- Advising on various reliefs and allowances available
- Advise in relation to Domicile and Residence as it affects Capital Gains Tax
- Advising nominees/trustees/executors in relation to Capital Gains Tax
- CG 50 applications
- Advise on all areas of administration of Capital Gains Tax including due dates for payment of CGT
Why choose Xeinadin
01
Expertise
Our dedicated team comprises tax specialists with extensive knowledge and experience in CGT regulations and strategies. We stay updated on the latest developments in tax legislation to ensure you receive accurate and timely advice.
02
Personalised Solutions
We recognise that every client’s situation is different. That’s why we take the time to understand your specific needs and goals before crafting personalised CGT strategies that align with your objectives.
03
Comprehensive Services
Whether you’re selling assets, planning for retirement, or managing a business, our comprehensive range of CGT services covers all aspects of taxation, ensuring compliance and maximising tax efficiency.
04
Strategic Planning
Minimising CGT liabilities requires careful planning and foresight. Our experts work closely with you to develop proactive tax planning strategies that mitigate risks and optimise tax outcomes, helping you retain more of your hard-earned profits.
05
Responsive Support
We understand that tax matters can arise unexpectedly, and timely assistance is crucial. Our responsive team is always on hand to address your queries, provide guidance, and offer support whenever you need it.
Contact our capital gains tax team
Liam Farrell
PartnerBallsbridge
Aidan O’Gorman
PartnerWexford
Anita Power
PartnerWexford
David Colleran
PartnerBallsbridge
David O’Connor
PartnerWexfordBook a meeting
Book a free, no-obligation chat with our experts where we find out a bit more about your business, explain our services, and how we could work with you.
Capital gains tax FAQs
Capital Gains Tax (CGT) is a tax levied on the profit made from the sale or disposal of certain assets, such as property, investments, or business assets. It applies when you sell or transfer an asset for more than you paid for it.
CGT can apply to a wide range of assets, including but not limited to real estate, stocks and shares, precious metals, business assets, and personal possessions valued at €2,000 or more.
Yes, there are various exemptions and reliefs available that can help reduce CGT liabilities. These may include principal private residence relief, retirement relief, entrepreneur relief, and others. Our CGT specialists can advise you on the eligibility criteria and how to make the most of these reliefs.
CGT is calculated by subtracting the purchase price (or original value) of the asset from the sale price, then deducting any allowable expenses and reliefs. The resulting profit is subject to tax at the prevailing CGT rate.
Yes, capital losses can generally be offset against capital gains in the same tax year or carried forward to future years to reduce your overall CGT liability. However, there are specific rules and limitations governing the offsetting of losses, so it’s advisable to seek professional advice.
Yes, individuals and entities are required to report any chargeable gains or losses to the Revenue Commissioners in their annual tax returns. Failure to report CGT accurately and on time may result in penalties or fines.
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