How To File a Capital Gains Tax Return in Ireland - CG1 Form (Step by Step for Stocks/Crypto)

Описание к видео How To File a Capital Gains Tax Return in Ireland - CG1 Form (Step by Step for Stocks/Crypto)

A step by step guide on how to file a capital gains tax return in Ireland (CG1 form) & declare your capital gains/losses on your stocks & crypto investments. When filing your investing taxes in Ireland, there are 3 forms you need to be aware of: CG1 form, Form 12 and Form 11. In this video, we mainly cover the CG1 form, but use the links below to check out the other forms you might need to fill out!

🎬 How to file a Form 12:    • Filing a Form 12 (Income Tax Return) ...  
🎬 How to file a Form 11:    • How To File a Form 11 (Self-Assessmen...  

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💡 Key learnings:
00:00 1️⃣ Intro
00:51 2️⃣ CG1 Form
01:15 3️⃣ Form 12
04:20 4️⃣ Form 11
05:30 5️⃣ CG1 Example Figures
09:00 6️⃣ Filing a CG1 - Step By Step
17:06 7️⃣ Paying Capital Gains Tax

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Please note: The CG1 form isn’t ‘just’ for stocks/crypto tax filing (there is some property related stuff in it also) but for the sake of this video, we’re assuming you only wish to file a tax return for your sales of stocks or crypto, so you can skip any parts that are not relevant to you. A common misconception with Irish tax forms is that you need to fill out EVERY line, but a lot of the time, you only need to fill in a few.

ℹ️ Tax Form Snapshot Info:
CG1 Form - PAYE Earners who only want to declare capital gains/losses from investing in individual stocks or crypto

Form 12 - PAYE Earners who ALSO have ≤ €5,000 in non-paye income (e.g. dividends, staking rewards from crypto, side hustles, Airbnb income, etc.) that they wish to declare

Form 11 - ‘Chargeable individuals’: this includes self-employed people and/or PAYE earners with MORE than €5,000 in non-paye income (same examples as above). You will need to register for a ROS account on revenue.ie in order to file this

📝 Resources:
CG1 Form: https://www.revenue.ie/en/gains-gifts...
Form 12: https://www.revenue.ie/en/self-assess...
Form 11: https://www.revenue.ie/en/self-assess...

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