Complete guide to choosing the right tax form for your capital gains
Understanding Revenue Forms
Important Note: Non-paye income includes dividends, crypto stake rewards, income from side business, and gains that you would pay RTSO1 on.
Form 11
Use Form 11 if you meet any of these criteria:
You've earned more than €5,000 in non-paye income
You are a member of an "Unapproved Employee Share Purchase Programme (ESPP)" (Your company doesn't settle the tax owed at source, and you settle RTSO1 yourself)
You have Exercised / Assigned / Released a Share Option
Note: Form 11 includes everything from Form 12 and CG1
To sign up for Form 11:
You need to register with ROS, which you can do via your Revenue "myAccount", by clicking on "sign up for ros" near the bottom. You will choose "individual", and tax type should be "CGT". This may take some time, so do it before the deadline!
Form 12
Use Form 12 if:
You've earned less than €5,000 in non-paye income
Important: Note that if you e-file this, there is no CG1 section included, and if needed, you will need to file that separately. The paper version does include CG1 though.
CG1
Use CG1 if:
You are just filing Capital Gains/Losses
You've earned less than €5,000 in non-paye income
Video Tutorials by The Learnings Report
The team at The Learnings Report has created these excellent video guides to help you file your forms correctly: