Form 11 filed early how do I pay CGT?

[TheBig40]

I filed my form 11 for 2020 in Feb/March of this year. I have sold some shares in 2021 and would have some CGT to pay but I’m not sure how to do this without reopening the closed off 2020 return for prelim tax. Is this the best way to do it?

Any guidance oh wise ones?

 

[Zenith63]

You need to pay the CGT before December 15th 2021, but you don’t actually send the details of what you’re paying for until you file your 2021 tax return, which is due October 2022.

 

[Paul O Mahoney]

You need to pay the CGT before December 15th 2021, but you don’t actually send the details of what you’re paying for until you file your 2021 tax return, which is due October 2022.

Really I was going to fill out the form online and then pay by DD. So are you saying just pay the amount be before 15th of December and add the CGT to Form 11 next year?

Just to add it's our first time using ROS for CGT .

 

[Zenith63]

Really I was going to fill out the form online and then pay by DD. So are you saying just pay the amount be before 15th of December and add the CGT to Form 11 next year?

Just to add it's our first time using ROS for CGT .

Yep, more details here - https://www.revenue.ie/en/gains-gif...set/when-and-how-do-you-pay-and-file-cgt.aspx

 

[irbx]

Hi

You need to pay first and actually file next year.

I found the following video helpful. But I not a tax advisor so some of the details maybe incorrect sp double check.

How to Pay Capital Gains Tax in Ireland - Step by Step Guide on Revenue

This is a step by step guide on how to make a payment to Revenue for Capital Gains Tax in Ireland.Before you can make a payment it is important to register f...

www.youtube.com

 

[TheBig40]

Thanks for all the replies! Just wanted to make sure I had it right.

 

[TheBig40]

Yep, more details here - https://www.revenue.ie/en/gains-gif...set/when-and-how-do-you-pay-and-file-cgt.aspx

His videos should have 1000s more views. Thanks for that link. Very helpful!!