Payment of CGT following sale of investment property

Discussion in 'Property investment and tenants' rights' started by larry123, Feb 27, 2018.

  1. larry123

    larry123 Registered User

    Posts:
    10
    Hello,
    sale is currently going through on a property.
    I know I will be liable to pay CGT on any profit.
    Can I do this myself or do I need to hire a tax accountant to do it for me?
    Thanks
    L
     
  2. Palerider

    Palerider Frequent Poster

    Posts:
    1,053
    You can do it yourself, the form can be downloaded from Revenue.ie, you will have to make the return before November this year I think, it is straightforward, I'm in the same position myself.
     
  3. robert 200

    robert 200 Frequent Poster

    Posts:
    167
    I believe you can ask your solicitor to send the appropriate funds to the revenue when he is completing the sale.
     
  4. larry123

    larry123 Registered User

    Posts:
    10
    Thanks very much for the replies. My solicitor is telling me I must use a tax accountant....
     
  5. T McGibney

    T McGibney Frequent Poster

    Posts:
    3,360
    Good advice. You can of course ignore it if you wish but unless its very clearcut (eg you've made a loss on the sale) and you know what you're doing...