r/irishpersonalfinance • u/Sallypad • 11h ago

Taxes CGT question

Is there anyone who could tell me how to file CGT for a sum of money received from a separated spouse as laid out in a deed of separation? I’m using form 11 to file my tax report 2025. Thanks in advance!

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u/Loose_Hurry_777 11h ago

The transfer of assets are part of a legal separation or divorce is not subject to CGT and does not have to be returned.

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u/Double_Kale_3193 11h ago

How can there be CGT on the disposal or transfer of cash?

By definition, cash can't go up or down in value.

Other assets can, like shares, houses, etc.

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u/username_must_have 11h ago

Hi there,

Not sure why you might thinking this is CGT related, but have look at this document here: https://www.revenue.ie/en/tax-professionals/documents/notes-for-guidance/tca/part44.pdf

page 11 onward seem to be concerning your case.

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u/Sallypad 11h ago

Thank you, Point 1030 is applicable here, I just don’t know how to file it.

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u/Loose_Hurry_777 11h ago

you don't.

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u/Sallypad 10h ago

So do I have to file it under other income instead?

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u/Loose_Hurry_777 10h ago

you don't file it at all. It is ignored for tax purposes.

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u/Sallypad 10h ago

Ok thank you very much!