Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Calculating Stamp Duty

  • 17-09-2009 8:33am
    #1
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭


    I have a few questions in relation to stamp duty, having bought shares in a private company between 1983 and 2004 and I now want to sell some..

    I didnt keep track of the stamp duty I paid at the time of acquisition!

    1. Do I pay stamp duty on the disposal of shares and if so, is this cost allowed for CGT?

    2. The shares will be valued at more than €1,000 so there will be no exemption from stamp duty, but I have differing advice on how this is calculated - some say its 1% of the consideration, others say you need to round the consideration up to the nearest €50 or (€100?), then calculate 1% on that

    3. Regarding the stamp duty on acquisition, for shares bought in Irish Punts back in the 80's, would the same rounding rule apply to blocks of £50/£100?

    Thanks


Comments

  • #2
    soddy1979
    Registered Users, Registered Users 2 Posts: 284 ✭✭soddy1979


    Stamp duty only applies to the buyer so you don't need to worry about it.


  • #3
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    I'm still not sure how much stamp duty I paid on the acquisition of the shares...


  • #4
    lucky-colm
    Closed Accounts Posts: 798 ✭✭✭lucky-colm


    stamp duty dosn't affect the seller as allready stated by sodds but you must pay capital gains of 20% i think


  • #5
    homer911
    Registered Users, Registered Users 2 Posts: 5,150 ✭✭✭homer911


    lucky-colm wrote: »
    stamp duty dosn't affect the seller as allready stated by sodds but you must pay capital gains of 20% i think

    No argument on that, except CGT is 25%, the annual allowance is 1270 per individual and is non transferable, and I have indexation rates for all historic acquisitions - that answers question 1 - any informed answers to Q2&3?


Advertisement