Ireland Tax Agency Updates FAQs on Capital Gains Tax


The Irish Revenue Commissioners Oct. 7 updated FAQ guidance on the capital gains tax (CGT) treatment of the sale, gift, or exchange of assets. The updates include information on: 1) the nontransferable exemption for resident and nonresident individuals on the first 1,270 euros (US$1,391) of gain; 2) the exemption for transfers between spouses and civil partners; 3) deductions for allowable losses; 4) the carry forward and transfer of capital losses; 5) payment and filing deadlines; 6) mandatory electronic filing requirements; 7) CGT rates and calculation methods; and 8) the calculation of CGT on the sale or disposal of shares. [Ireland,…

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