I sold a French property in October 2014.
My French notaire ( solicitor) did all the French capital gains tax calculations and this amount was paid to the French tax authorities.
I then calculated my Irish CGT and sent the appropriate amount by cheque to the offices in Limerick late last year.
Now I have to fill out the Tax return for the year 2014 using Form 12 ( the standard one , not the eForm 12).
They ask for “Chargeable Gains” to be filled in.
What does "Chargeable Gains “ mean in this case. Is it the selling price?
Or is it the “net taxable capital gain" ( "plus value nette imposable" in French) which is clearly stated in the French tax return as calculated and completed by the Notaire?
Many thanks for any advice.
My French notaire ( solicitor) did all the French capital gains tax calculations and this amount was paid to the French tax authorities.
I then calculated my Irish CGT and sent the appropriate amount by cheque to the offices in Limerick late last year.
Now I have to fill out the Tax return for the year 2014 using Form 12 ( the standard one , not the eForm 12).
They ask for “Chargeable Gains” to be filled in.
What does "Chargeable Gains “ mean in this case. Is it the selling price?
Or is it the “net taxable capital gain" ( "plus value nette imposable" in French) which is clearly stated in the French tax return as calculated and completed by the Notaire?
Many thanks for any advice.