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Filling out Tax Return (11E) after selling shares

  • 13-03-2009 11:20am
    #1
    fjon
    Registered Users, Registered Users 2 Posts: 2,088 ✭✭✭


    I sold a small number of shares (perhaps €1000 worth) in 2008, and now need to apparently fill out an 11E form for last year.
    I'm not self-assessed, so haven't done this before.
    The form looks huge and daunting.
    Anyone done this before and know which bits I do and don't need to fill out?
    I rang Revenue and they pretty much told me to figure it out myself.
    What happens if I don't fill it out?


Comments

  • #2
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Did you pay CGT on the disposal? You'll need to fill out the CGT section too.

    Don't worry about the Form. It's huge because it has to cover every eventuality. Once you actually get into it -it's actually straightforward.

    Fill out parts A and L and bang it in. If you have any problems drop me a pm, AFTER you've attempted it.


  • #3
    fjon
    Registered Users, Registered Users 2 Posts: 2,088 ✭✭✭fjon


    Great - thanks!

    I did indeed pay the CGT, or the equivalent. I'm not sure it's CGT, it's something different for shares I thought (form RTSO1).
    There is a section in the form on Share Options, and tax paid on them in Section D - I presume that's the one to fill out instead of L, and then section A.


  • #4
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Shares and Share options are different vehichles. I presume if it was share options you got them through your employer. Most employers will have a designated contact that handles the tax affairs of the shares that may be a good person to contact directly with this.

    If they were share options, yes the RTSO1 Form will have discharged the Income tax charge within 30 days and furthermore you you do need to file a Form 11E.

    Have a go and get back to me if you've any problems.


  • #5
    fjon
    Registered Users, Registered Users 2 Posts: 2,088 ✭✭✭fjon


    Sorry for mixing up Stocks and Stock Options!
    I do have a contact for this, but as they are in the US they aren't familiar with Irish tax laws so I'm left on my own.
    I've filled out most of the form but there are some parts I'm unsure about. Would it be ok to drop you a PM?


  • #6
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Fire away


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  • #7
    stavneg
    Registered Users, Registered Users 2 Posts: 2 ✭stavneg


    Like the initial poster my company purchased a small share option back from me (<€400) in 2008. I paid CGT at the time and have had no other non PAYE sources of income since, but Revenue have now sent me out the 11E form again for 2009. Having done so once, will I need to file a (empty) return every year from now on?


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