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CGT on shares

  • 04-05-2010 9:19am
    #1
    Vico1612
    Registered Users, Registered Users 2 Posts: 926 ✭✭✭


    Hi,

    Sorry if this has already been discussed but I couldn't find an answer ...

    I sold shares a few days ago and am trying to calculate how much CGT I have to pay.

    Question is that seen as I purchased and sold these in US $, how to I convert these amounts into Euros ? Does Revenue have a fixed convertion rate ?

    Thanks
    Vic


Comments

  • #2
    buswankers
    Registered Users, Registered Users 2 Posts: 491 ✭✭buswankers


    I would use the central bank website to obtain any exchange rates required - probably one of the more reliable websites for exchange rates out there. See link below:

    http://www.centralbank.ie/frame_main.asp?pg=sta_exch.asp&nv=sta_nav.asp

    Simply find the €=$ exchange rate on both the purchase date and the sale date of the shares.


  • #3
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    If you read the guide to CGT in the stickies or go to www.revenue.ie and put CGT and shares in the search box it'll come up.

    You will have to use a spot rate for shares, i.e the rates on the days they were bought and sold.

    www.oanda.com is the best resource for this


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