Paying tax on selling of shares?

cork_south

My company has given me share options over the last few years.
For exampls, I was given the shares at $15, they are now worth $20 so when I sell them I will get $5 per share (if their value drops below $15, the sahres are worthless to me)

They are not worth much (around $2,000 at the moment) but I will be granted an additional $15,000 worth yearly intervals over the next 6 years (at current market value)

My question are,
1. What tax\vat rate would I have to pay on these shares to the revenue?
2. Is there a yearly amount I can sell tax free (IE the first €1,500 would be tax free per year)

Thanx!

cork_south

anyone?

reverenddave

i found this on wikipedia

if its any help to you





Since 7 April 2009, there is a 25% tax on capital gains, with several exclusions and deductions (e.g. agricultural land, primary residence, transfers between spouses). Gains made where the asset was originally purchased before 2003 attract indexation relief (the cost of the asset can be multiplied by a published factor to reflect inflation). Costs of purchase and sale are deductible, and every person has an exempt band of €1,270 per year.


The tax rate is 23% on certain investment policies, and rises to 40% on certain offshore gains when they are not declared in time.
Tax on capital gains arising in the first eleven months of the year must be paid by December 15, and tax on capital gains arising in the last month of the year must be paid by the following January 31.






and i found a nice article to read too


http://www.swp.ie/features/tax-dodges-rich/1708

cork_south

reverenddave wrote: »

i found this on wikipedia

if its any help to you





Since 7 April 2009, there is a 25% tax on capital gains, with several exclusions and deductions (e.g. agricultural land, primary residence, transfers between spouses). Gains made where the asset was originally purchased before 2003 attract indexation relief (the cost of the asset can be multiplied by a published factor to reflect inflation). Costs of purchase and sale are deductible, and every person has an exempt band of €1,270 per year.


The tax rate is 23% on certain investment policies, and rises to 40% on certain offshore gains when they are not declared in time.
Tax on capital gains arising in the first eleven months of the year must be paid by December 15, and tax on capital gains arising in the last month of the year must be paid by the following January 31.






and i found a nice article to read too


http://www.swp.ie/features/tax-dodges-rich/1708

thanx for the info dave and that was a good read too. I wish I was rich!