Capital gains tax return

[Westy29]

Hi

I sold shares last year which resulted in a gain and a CGT liability which I paid in October last year.

I have to complete my tax return this year but i'm slightly confused.

I am a PAYE worker who has no other income so I use for CG1 yes?? The other form, Form 12 only seems to apply if I have other income?

So when i'm filling out Form CG1 the section at the end states

This return must include a Self-Assessment by the chargeable person to whom the return relates. An individual who fails to make a self-assessment may be liable to a penalty of €250.

Is the self assessment basically you having calculated the capital gains tax due or do I need to actually include the details of the calculation, ie number of shares sold, price purchased and sold and all that.?

thanks

 

[jpd]

Depending on whether the shares are quoted on a stock exchange or not , you need to fill in the

1. the amount you received from the sale in line 1a or !b
2. the taxable gain in line 7
plus a few more for example lines 18 or 19

No need to show the calculation of the capital gain