Panel L: Capital Gains — Page 27
GAINS and losses made on the sale of your chargeable assets during 2016 should also be reported on the Form 11 at Panel L. Firstly, the sales proceeds you have received should be reported in the boxes describing the type of asset you have sold. Various reliefs, such as retirement relief, may be available.
You should report your losses from the sale of chargeable assets in 2016 even if you do not have any chargeable gains for the year. Remember, losses brought forward from prior years can be used to offset gains in 2016.
For 2016 the due date for paying Capital Gains Tax (CGT) has already passed:
Disposals between January 1, 2016 and No- vember 30, 2016 inclusive — CGT was due by December 15, 2016.
Disposals between December 1, 2016 and December 31, 2016 inclusive — CGT was due by January 31, 2017.
If you are only paying your CGT due when you file the Form 11 you are likely to be charged interest by the Revenue Commissioners. PANEL M — CHARGEABLE ASSETS ACQUIRED IN 2016 — PAGE 29 This should include any chargeable assets acquired during 2016 and the amount you paid for the assets.