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Sold Shares - Tax declarence

Naos · 2010-03-08 15:08:01

Hi Folks, If hypothetically I sold shares and was to receive a cheque to the value of 2000e tomor and I cash it in, where do I stand in terms of taxes? Do I declare at the end of the year? Is it possible the taxman wouldn't come looking for it? Cheers for the help! :)

08-03-2010 3:08pm

#1

Naos

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Posts: 4575

Hi Folks,

If hypothetically I sold shares and was to receive a cheque to the value of 2000e tomor and I cash it in, where do I stand in terms of taxes?

Do I declare at the end of the year?
Is it possible the taxman wouldn't come looking for it?

Cheers for the help!

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Comments

#2 08-03-2010 11:45pm

strmin

Registered Users, Registered Users 2 Posts: 315 ✭✭

Join Date: February 2008

Posts: 308

If you made profit you must pay capital gain tax. You can find all information on revenue.ie.

The taxman might come after 5-10 years and you'll end up paying much more.

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