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CGT

  • 31-08-2009 12:41pm
    #1
    NEDDURC
    Registered Users, Registered Users 2 Posts: 452 ✭✭


    I have a few questions that I would be grateful if someone could help me with. This is the first year that I have bought and sold shares so I want some advice on CGT.
    Firstly I bought a small amount of Anglo shares and still had them when they were nationalised - should I have somehow declared this loss?
    I now have AIB shares up from 30c and am thinking of selling - If I make this gain can I offset it with the Anglo loss? What forms do I fill out for this?


Comments

  • #2
    NEDDURC
    Registered Users, Registered Users 2 Posts: 452 ✭✭NEDDURC


    Anyone?


  • #3
    FernandoTorres
    Registered Users, Registered Users 2 Posts: 698 ✭✭✭FernandoTorres


    As far as I know you have to declare all disposals of assets to Revenue by 31st Oct in the year after the year of disposal. If you submit the details of your losses and gains then Revenue should give you some relief on the losses. The first €1,270 of gains is tax exempt.

    I think it's a CG1 form you have to fill out but the best thing to do would be to contact Revenue and ask them.


  • #4
    pjproby
    Registered Users, Registered Users 2 Posts: 843 ✭✭✭pjproby


    http://www.irishtimes.com/newspaper/finance/2009/0828/1224253403849.html

    might help


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