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

  • 16-05-2011 11:53am
    #1
    maxsatisfaction
    Registered Users, Registered Users 2 Posts: 10 ✭


    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 :)
    Tagged:


Comments

  • #2
    Kinetic^
    Closed Accounts Posts: 13,249 ✭✭✭✭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.


  • #3
    maxsatisfaction
    Registered Users, Registered Users 2 Posts: 10 ✭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)


  • #4
    maxsatisfaction
    Registered Users, Registered Users 2 Posts: 10 ✭maxsatisfaction


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


  • #5
    mono627
    Registered Users, Registered Users 2 Posts: 288 ✭✭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.


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