CGT And Total acquisitions

[alamo123]

Hi there,
I was wondering do revenue need to know what your total acquisitions are on CG1 ? I know they ask for aggregated sold stock which seems odd if they don’t ask for what the total of acquired stocks were. It’s possible I’ve missed something as someone told me I would need total acquisitions and total realisations when it looks to me like they only want the latter.

 

[Corola]

No, they don't need to know acquisitions. Aggregate Consideration is the amount you sold, not the amount you bought.

 

[Brendan Burgess]

I have always wondered about this box on the Form 11

I don't spend much time on it. I have a quick look at my purchases and put them in. If I were to buy an investment property for €500k, I would definitely put in 1 under number of assets and €500k under Consideration. But if I buy a few paintings , I don't document them so carefully.

 

[Corola]

That's Form 11 for self-assessed taxpayers.

Form CG1 for PAYE taxpayers doesn't have a section for acquisitions.