CGT below exemption limit

[ElectronEng]

Hi,

If I have made a capital gain (say from selling shares) which is below the personal exemption limit of €1,270 then do I need to make a return to the Revenue?

Thanks.

 

[alexcoll]

Yes

 

[plant43]

You will need to declare the gain on Form CG1. You will also need to declare the income from this gain on Form 11 or Form 12 (I believe).

I don't believe you need to fill in a CGT Payslip A or Payslip B, but I am open to correction on this.

 

[ElectronEng]

Thanks!

 

[Paddy199]

You are oblidged to complete and return a CG1 once you reach 80% of that threshold.