Cg1 form help

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Lukelu

Registered User
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Hi, last year I was buying and selling some shares, there was about 20 sale and 23 buy transactions during last year and I had a loss for a year about 8K.
Now I'm trying to fill CG1 form and have a problem with aggregate consideration.
I have started year 2019 with 4K, made some deposits for 11K and end the year with 7K.
So my question is... What will be aggregate consideration? If I add all those sales together it will make about 150K That seems bit odd, while actual money involved were much much lower. I'm bit confused about that.
Thank you for any help
 
The "aggregate consideration" is the total of your sale proceeds - so 150k

The only problem may that if you are trading a lot, the Revenue may consider that your are a trader and should be filing as a business rather than capital gains and losses
 
jpd said:
The "aggregate consideration" is the total of your sale proceeds - so 150k

The only problem may that if you are trading a lot, the Revenue may consider that your are a trader and should be filing as a business rather than capital gains and losses
Click to expand...
Thank you for your help, 20 sales during a whole year isn't much I think, none of them done same day, so I think it's hard to consider that as a trading, but who knows what Revenue think
Do You know If I can scan filled cg1 form and send it to them electronically thru PAYE anytime account or paper form is only way to send it? Thanks one more time.
 
Lukelu said:
Thank you for your help, 20 sales during a whole year isn't much I think, none of them done same day, so I think it's hard to consider that as a trading, but who knows what Revenue think
Do You know If I can scan filled cg1 form and send it to them electronically thru PAYE anytime account or paper form is only way to send it? Thanks one more time.
Click to expand...

If you are PAYE only it's a CGT1 form that you can download, complete and scan via MyEnquiries in your Revenue MyAccount.
 
sorry to raise an old thread here but regarding the CG1 form and scanning it etc...is this done on the ros.ie website? when i add a new enquiry my tax reference type is comming up as "CUST"...is this normal?
 
jpd said:
The only problem may that if you are trading a lot, the Revenue may consider that your are a trader and should be filing as a business rather than capital gains and losses
Click to expand...
Is there a threshold or other defined criteria that Revenue use to make this assessment?
 
bitethebullet said:
sorry to raise an old thread here but regarding the CG1 form and scanning it etc...is this done on the ros.ie website? when i add a new enquiry my tax reference type is comming up as "CUST"...is this normal?
Click to expand...
I noticed that too, not sure if that's an improvement, or a mistake, but I've submitted my return using "CUST" as it was the only choice.

In other news, looks like there's a slight update to the 2021 CG1 form, a couple of extra questions on prior losses.
 
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