At Nathan Trust, our specialised tax team brings a wealth of knowledge and experience to offer an inclusive and approachable consulting service for both Domiciled and Non-Domiciled individuals in Ireland.
Navigating the tax landscape can be overwhelming, but your journey doesn’t have to be. Allow our seasoned professionals to guide you through our extensive advisory services covering personal tax, capital gains tax, gift and inheritance tax.
Get expert advice and tax-saving tips to save money and add more to your wealth.
No deadline misses. 100% Compliance. In-house tax experts to guide you at every step of your financial journey.
Whatever the complexity, we will customise detailed tax plans for each individual situation.
How can Nathan Trust help with personal tax?
What is Capital Gains Tax (CGT) and how is it calculated?
How are foreign currency transactions treated for CGT purposes?
When is Capital Gains Tax payable and what are the reporting requirements?
Who is liable for Capital Gains Tax (CGT) and what are the implications for non-domiciled individuals?
How can Nathan Trust help with personal tax?
Nathan Trust's dedicated Tax Team provides expert and friendly service for Irish and international clients, including preparing and filing annual income tax returns, applying available tax credits and reliefs, dealing with Revenue queries, advising on pension relief and payments, inheritance tax, estate planning, family partnerships, trusts, tax residence, non-domicile tax status, ETFs, and Capital Gains Tax (CGT) services.
What is Capital Gains Tax (CGT) and how is it calculated?
CGT is a tax on the profit made from selling an asset. It is calculated as the difference between the sale price and the purchase price, with deductions for acquisition and disposal costs. The rate of CGT in Ireland is 33%, with the first €1,270 of a gain exempt for each individual.
How are foreign currency transactions treated for CGT purposes?
Proceeds and costs in foreign currency must be converted into Irish currency at the applicable exchange rate (spot rate) to determine the chargeable gain.
When is Capital Gains Tax payable and what are the reporting requirements?
CGT on disposals made from 1 January to 30 November is due for payment by 15 December of that year. For disposals made from 1 December to 31 December, payment is due by 31 January of the following year.
Who is liable for Capital Gains Tax (CGT) and what are the implications for non-domiciled individuals?
Non-Irish-domiciled individuals who are resident or ordinarily resident in Ireland are liable for CGT on gains from assets in Ireland and remittances into Ireland from gains on assets outside Ireland. Non-residents and non-ordinarily residents are only liable for gains on specified Irish assets.
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Nathan Trust is the trading name for Millex Limited (CRO Number: 314738), is officially registered in Cork, Ireland, and operates under the regulatory oversight of Chartered Accountants Ireland (56679), Chartered Governance Institute (No: 1045242) and the Irish Tax Institute.