Piggybacking on this, if an otherwise PAYE individual needs to file a CGT return (not ETF related), can they do it via Form CG1 rather than Form 12 and, if so, where do they send the Form CG1?Can you use Form CG1 instead?
If your only filing for capital gains it's a lot easier than Form 11 or 12.
Yes. That's the way that they often collect such liabilities.They have adjusted my bands to recover the “underpayment”. Does that sound kosher?
Wouldn't that mean you were taxed at your marginal rate instead of the exit tax rate, i.e. 52% instead of 41%?I had some trouble getting into Revenue’s ROS and then MyAccount sites to declare a small ETF profit from a disposal i made last year. I couldn’t do it via the Form 11 but I stuck it in on “other income” on MyAccount to get it done in good time.
I don’t honestly know Corola. The amount was small (mid two digits) and I was just keen to get it done.Wouldn't that mean you were taxed at your marginal rate instead of the exit tax rate, i.e. 52% instead of 41%?
That time of year !
I had some trouble getting into Revenue’s ROS and then MyAccount sites to declare a small ETF profit from a disposal i made last year. I couldn’t do it via the Form 11 but I stuck it in on “other income” on MyAccount to get it done in good time.
Received a revised Tax Credit Cert today so it looks like they will be taking the amount owed off me via my PAYE income as opposed to paying the amount in a once off lump sum. They have adjusted my bands to recover the “underpayment”. Does that sound kosher?
It was around €60 that I owed net (gain of circa €145) at the 41% rate. Far from a king’s ransom but want to ensure I am doing the right thing…
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It should not go into the Other Income section, but into the Foreign Income, Offshore fund
Are you in Form 11? Those are the options in Form 12, i.e. the MyAccount income tax return. Form 11 is on ROS.
Is your ETF income more or less than €5,000?
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