Computation of CGT on sale of small company

[olivia]

My partner and I sold the small company we owned in December 2006 (set up in 2001). We are not sure how we will compute the capital gain on the sale. Can anyone advise?

 

[Nige]

Sales proceeds, less costs of sale (legal fees etc), less the money you paid in as share capital = gain.

 

[olivia]

I am just looking at revenue site and need confirmation that the CGT on the sale of the company in December 2006 should be made by 31 January 2007 and the return filed by 31 October 2007. Am I reading this right?

 

[Graham_07]

Capital Gains by INDIVIDUALS, such as the sale of your shares in the company, are to be filed/paid as follows :-

Gains 01/01/2006 - 30/09/2006 :-
pay tax by 31/10/2006 file return by 31/10/2007

Gains 01/10/2006 - 31/12/2006 :-
pay tax by 31/01/2007 file return by 31/10/2007