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Quick Capitail Gains Tax Question?

  • 19-06-2009 3:48pm
    #1
    sbsquarepants
    Registered Users, Registered Users 2 Posts: 11,812 ✭✭✭✭


    I'm not really an investor so to speak but i have been taking punts on bank shares for the past 6 or 8 months. I've done reasonably well and I know I'm liable for CGT on my profits. My question is this, how is the profit figure calculated? Or to put it another way, is the tax due straight away after a profitable trade or do i wait till the end of the year and tally up good trades/bad trades at that stage to get an overall figure? Also I took a hit on some anglo shares which were nationalised can I deduct this from my other profits? Of course all this assumes that come another 6 months I'll still have some profits!:D


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