Form CG50
Form CG50 is used for reporting Capital Gains Tax in Ireland. You should use this form when you need to report a capital gain or claim a capital loss for tax purposes.
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Form CG50
Form CG50 is used for reporting Capital Gains Tax in Ireland. You should use this form when you need to report a capital gain or claim a capital loss for tax purposes.
Risk Radar
- The most common mistake is incorrectly calculating the base cost of the asset, which can lead to overpaying or underpaying tax.
- Incorrect calculation of gain or loss
- Missing allowable deductions or reliefs
- Filing after the deadline
- Not reporting all relevant disposals
Plain English
The CG50 form helps you tell Revenue about profits you made from selling assets like property or shares. If you sold something for more than you paid for it, this form helps calculate the tax you owe on that profit.
Submission Date
- The filing deadline for Form CG50 is October 31st following the end of the tax year. If filing through a tax agent, you may have an extended deadline to the end of January.
- Preparation window: collect IDs, supporting records, and signatures in advance.
- Final review: verify names, dates, and required fields before submission.
Glossary Terms
No matched glossary terms in this overview yet.
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What this form is for
- • Use this form for reporting capital gains from selling property, shares, or other assets
- • Use this form if you need to claim a capital loss against other gains
- • Use this form for reporting disposals by individuals, not companies
- • Use this form for reporting Irish-situs assets only
- • Do not use this form for reporting income from employment or self-employment
Use this form or another form?
| Situation | Likely form | Why it matters | Check before you continue |
|---|---|---|---|
| Selling business assets | Form CG50 with additional business schedules | Business assets may have different allowable costs | Check if you need to include Form CG17 |
| Inheritance of assets | Form CG50 with inheritance cost details | Inherited assets have special cost base rules | Consult a tax advisor for inherited assets |
| Non-resident disposing of Irish property | Form CG50 with non-resident sections | Non-residents may have different reporting requirements | Verify if you need to file through an Irish agent |
| Claiming entrepreneur relief | Form CG50 with Form CG17 | Entrepreneur relief has specific conditions | Ensure you meet all conditions before claiming |
Deadline or filing window
The filing deadline for Form CG50 is October 31st following the end of the tax year. If filing through a tax agent, you may have an extended deadline to the end of January.
Before you submit
- • Verify all asset disposal details are accurate
- • Double-check calculations of gain or loss
- • Confirm you've included all allowable costs
- • Check that personal details match your tax registration
- • Ensure all supporting documents are attached
- • Verify payment details if tax is due
- • Keep a copy of the submitted form for your records
How to file this form
- 1Obtain the correct version of Form CG50 from Revenue's website
- 2Complete all sections with accurate transaction details
- 3Calculate the gain or loss using the correct cost base
- 4Attach any required supporting documentation
- 5Submit through ROS or by post before the deadline
- 6Keep a copy of your submission and any receipts
Known limitations
- • This form cannot be used for reporting business income
- • It doesn't cover capital gains from certain collective investment schemes
- • It doesn't handle complex group relief calculations
- • It may not cover disposals by non-residents without additional forms
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✦ Open in AI EditorCurrent Form Status
The current version of Form CG50 is valid for the 2023 tax year. Always check Revenue's website for the most up-to-date form before filing.
Agency: Revenue Commissioners
What changed or needs a fresh check
- • Check if the asset disposal thresholds have changed
- • Verify current capital gains tax rates
- • Confirm allowable expenses and deductions
- • Check if any new reliefs have been introduced
- • Verify if reporting thresholds have changed
Quick Facts
Form Details
- Agency
- Revenue Commissioners
- Category
- Capital Gains Tax
- Source
- CGT Forms ↗
Downloads
After you file
- • Note your reference number for future correspondence
- • Set a reminder to check for any correspondence from Revenue
- • Keep all records for at least six years
- • Check your tax assessment when received
- • Pay any tax due by the payment deadline
Source and verification log
- • Form CG50 is issued by Revenue Commissioners
- • Form relates to Capital Gains Tax reporting
- • Filing deadline is typically October 31st
- • Can be submitted through Revenue Online Service
- • Specific calculation details not confirmed in official source
- • Current version status not confirmed in official source
- • Allowable deductions not confirmed in official source
Common confusion points
6 things to watch for
- 1
Distinguishing between capital gains and income from trading
- 2
Calculating the correct cost base for inherited assets
- 3
Understanding what expenses can be deducted from the gain
- 4
Determining if a disposal qualifies for entrepreneur relief
- 5
Knowing how to report losses in subsequent years
- 6
Understanding reporting requirements for non-residents
Related Guides & Resources
Irish Form No. 29 Notice of the Decision or Claim of the Revenue Commissioners - No. 29 Notice of the Decision or Claim of the Revenue Commissioners
Irish COURTS form No. 29 Notice of the Decision or Claim of the Revenue Commissioners: Appendix C: Notices, Affidavits etc - Forms in Superior Court Proceedings.
View →Irish Form 11 - Form 11
Irish REVENUE form 11: Form 11.
View →Irish Form Guide - Guide to completing 2018 Pay and File tax returns
Irish REVENUE form Guide: Guide to completing 2018 Pay and File tax returns.
View →Irish Form 12 - Form 12
Irish REVENUE form 12: Form 12.
View →Source transparency
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