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Paying Capital Gains tax on Profits from Shares

seligehgit · 2009-01-23 19:38:20

Hi guys, Just wondering how one calculates how much CGT one pays on profits from shares sold?Eg if you make 2 grand on a sales of shares,you pay CGT @ a certain rate with an exemption up to 1200 but I understand you write off your losses on your other share against your profits?Can somebody explain how this works in terms…

23-01-2009 7:38pm

#1

seligehgit

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Hi guys,
Just wondering how one calculates how much CGT one pays on profits from shares sold?Eg if you make 2 grand on a sales of shares,you pay CGT @ a certain rate with an exemption up to 1200 but I understand you write off your losses on your other share against your profits?Can somebody explain how this works in terms of a practical figures example.I am intending to sort this scenario out with Revenue.
Ta,
Selig:D

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#2 24-01-2009 9:59am

Berti Vogts

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You should get the answer you're looking for here

http://www.revenue.ie/en/tax/cgt/faqs.html

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#3 24-01-2009 3:17pm

seligehgit

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Ta very much Possibilities.:D
Selig

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#4 25-01-2009 7:18am

PhiliousPhogg

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You've made money on the stock market? Jesus, congratulations!

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#5 26-01-2009 7:46pm

seligehgit

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Nah Philious just hopeful that my shares will turn around!Hope this info will save me some accountancy fees in the future.:cool:

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#6 29-01-2009 11:02pm

ABEasy

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seligehgit wrote: »

Nah Philious just hopeful that my shares will turn around!:cool:

Say you'll be waiting a while....

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