Budget 2009 - Capital Gains

Change in rate of Tax

The rate of capital gains tax is being increased to 22% from 20% in respect of disposals made from midnight on 14 October 2008.

Change in Payment Dates

The payment date for tax in respect of disposals in the period January to November is being changed to mid-December and the tax on disposals in December will now be due on the following 31 October (the existing pay and file date). This applies to the year of assessment 2009 and subsequent years.

Capital Acquisitions Tax

There were no changes announced in the Budget.