Capital Gains Tax
Capital Gains tax is payable on the profit on disposal of certain assets.
The rate of Capital Gains tax is based on the date of disposal as follows
|From Date:||To Date:||Rate|
|14th October 2008||20%|
|15th October 2008||7th April 2009||22%|
|8th April 2009||6th December 2011||25%|
|7th December 2011||30%|
For certain windfall gains the windfall gains tax rate is 80%.
Who is liable?
Any person resident (or ordinarily resident) in Ireland is liable for tax on gains made anywhere in the world. People ordinarily resident or not domiciled in Ireland should get professional advice.