Selling Shares - what's the tax exposure on capital gains in Ireland?

maxsatisfaction

Hi all,

I have a few shares with my company, which I maybe interested in selling.

However, an important question has come up:

What is the tax exposure on capital gains in Ireland?

I'm a complete noob when it comes to shares (the reports on Google finance confuse me no end), but all I know is that if you bought at a low price, and sell at a high price - you will make some money.

However, this could all be evaporated due to taxes & costs etc.

I know each individual's tax rate will vary, but if anyone has any pointers it would be much appreciated

Kinetic^

Tax on profit is 20% (last time I checked that was the rate, may have gone up) after any expenses in relation to their sale are taken in to account. Speak with an accountant tbh as there are a few other things to take in to account too.

maxsatisfaction

Kinetic^ wrote: »

Tax on profit is 20% (last time I checked that was the rate, may have gone up) after any expenses in relation to their sale are taken in to account. Speak with an accountant tbh as there are a few other things to take in to account too.

Thanks Kinetic - I did read something on revenue.ie about it, and it mentioned 25% - but all this financial stuff is foreign to me.

My company absorbs the costs re: buying & selling stock whilst I'm still working for them, so do you know what other charges are involved? (any examples would be great)

maxsatisfaction

Just came across the boards.ie > Biz > Taxation section, mods can you please move this thread to there?

mono627

CGT used to be 20% around 2008. It's 25% now. Not sure if you still get your first 1270 euro free or not.