If you made a Capital Gain between January 1st and November 30th, 2024, please note the following: if you’ve been lucky enough to experience a capital gain during this timeframe, it’s crucial to settle the tax by December 15th.
While you won’t need to submit the details until your 2024 Income Tax Return is filed next year, any tax owed must be paid by this deadline. Failing to do so could result in interest and penalties. Remember, if you’ve incurred capital losses previously, you can use them to offset your current gain. For gains made between December 1st and 31st, 2024, the tax must be paid by January 31st, 2025. Here is what you need to know.
If you need assistance with CGT calculations, offsetting losses, or filing your return, AG Associates team is here to help. Contact Angela at info@agassociates.ie to ensure your tax affairs are in perfect order as we approach year-end.
