Date for your diary - Capital Gains Tax (CGT) Deadline 31st January 2013

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As you may be aware the due dates for payment of Capital Gains Tax (CGT) are as follows:

• The capital gains tax on disposals made between 1^st January 2012 and 30^th November 2012 were due for payment on the 15^th December 2012.
• The capital gains tax on disposals made in the period 1^st December to 31^st December 2012 the CGT is payable by 31^st January 2013.

Please note that a disposal for CGT purposes takes place when the terms of a sale or gift are agreed.

The rates of Capital Acquisitions Tax and Capital Gains Tax increased to 33% from 30% from 5 December 2012.

For more information visit - http://www.revenue.ie/en/tax/cgt/cgt-faqs.html

Sarah Dunne is Audit Manager in OSK.

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