Northern Ireland Capital Gains Tax. We provide links to the key information below. We consider the taxa
We provide links to the key information below. We consider the taxation of capital gains and outline the reliefs available. A capital gain arises when certain Capital Gains Tax (CGT) is payable by individuals, trustees and 'personal representatives' (PRs). However, as you reside for tax purposes down here, you will also be Nature of Capital Gains Tax Capital Gains Tax (CGT) is a tax on the profit arising when a chargeable asset is disposed of. Companies pay corporation tax on their capital gains. Capital Gains Tax Trusts and taxes Learn about trusts and taxes . Learn CGT exemptions, allowances, how to calculate what you owe. Licensed to practice in both Northern Ireland and the Republic of Ireland (Tax Advice Newry) A vital extra dimension to all these services is that, since we are licensed to practice in both Showing recent legal content from Northern Ireland on Capital Gains Tax, Tax, Mondaq is an intelligent syndication platform providing world class content and insight from professional Property and Capital Gains Tax Please note: Capital Gains Tax guidance from HM Revenue & Customs can be found on the GOV. Our experts provide Capital gains Tax Advice & tailored solutions. Dealing with HM Kingdom of Great Britain and Northern Ireland, Desiring to conclude a new Convention for the avoidance of double taxation and the prevention of fiscal evasion with Understand Capital Gains Tax (CGT) in Ireland! Explore rates, exemptions, and calculations to plan effectively and reduce your CGT References are made to the Convention between the Government of the United States of America and the Government of the United Kingdom of Great Britain and Northern Understand how to qualify for capital gains tax Ireland rules on shares & property with Outbooks. A more detailed analysis can be found in GMcG’s Autumn Budget Analysis publication on the What Capital Gains Tax (CGT) is, how to work it out, current CGT rates, and how to pay. NORTHERN IRELAND FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND The tax offering within Northern Ireland will be enhanced even further with the introduction of a regional 12. A number of assets are exempt from CGT and do not Several tax related proposals were announced which are summarised below. If you live in the Northern Ireland area we, at Finegan Gibson, can provide taxation advice to ensure that maximum opportunity is taken of the reliefs available for capital gains tax. Suzanne O’Neill is a tax partner at RSM Ireland. This comprehensive 2025 guide explains everything you need to know about Capital Gains Tax in Ireland. A disposal includes sales, exchanges, gifts (in certain The tax offering within Northern Ireland will be enhanced even further with the introduction of a regional 12. Stay compliant and reduce tax with MJ Kane. Learn the rates, deadlines, reliefs and rules for shares, ETFs and Navigate capital gains tax complexities with NBAS Accountants. Personal tax Tax on savings and investments Learn about tax on savings and investments . There are annual tax free allowances Capital gains tax (CGT) is charged at the rate of 18% on gains (including any held over gains coming into charge) where net total taxable gains and income is below the income tax basic Learn about dealing with HM Revenue and Customs, including reporting changes, agents, appeals, checks, complaints and help with tax. Work out if you need to pay Capital Gains Tax if you make a profit on certain business assets and find In the tax year 2025/2026, an individual’s CGT allowance is £3000. you pay. A disposal includes sales, exchanges, gifts (in certain Northern Ireland - Economy, Taxation, Investment: Unified fiscally with the United Kingdom, Northern Ireland’s official currency is the Expert company tax and accounting services for businesses in Northern Ireland. This means you do not have to pay tax on gains from buying and selling shares or other investments during the tax year up Standard and higher rates of capital gains tax (CGT) together with the annual exemption. The special rate of CGT and the limit applying for entrepreneurs’ relief purposes. UK website. This is only one of the Because the property is physically located in Northern Ireland, it will be liable to UK rules on capital gains. Of course, other taxes should also be paid up to date, including income tax on the rental income and local property tax. When a company makes a capital gain from the disposal of The Convention between the Government of the Republic of the Philippines and the Government of the United Kingdom of Great Britain and Northern Ireland for the Avoidance of Double The BDO Northern Ireland Insights library is a "go to" source for informative and thought provoking knowledge resources including blogs, news and outlooks. 5% corporation tax rate now expected from 1 April 2018. Learn where to find official information about CGT applies to individuals, trustees, and personal representatives; companies pay corporation tax on chargeable gains instead of CGT. Brian Morgan Solicitor writes about the new Capital Gains Tax Clearance procedures which now apply in Ireland since October Companies Companies normally include capital gains in their profits for Corporation Tax (CT) purposes.