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How to pay tax on my shares?

  • 04-08-2011 8:44pm
    #1
    fret_wimp2
    Registered Users, Registered Users 2 Posts: 1,905 ✭✭✭


    The last company i worked for gave me some stocks. nothing crazy, perhaps 2k or so. I have them about 2 years now and i only learned i need to declare them to the government.

    Il prob get some form of fine for being late but id like to get it sorted now.

    I tried to ROS ( revenue online) with my pps but it doesnt work. it will work on paye anytime, but i cannot declare my stocks there.

    someone tells me i need a second pps number as stocks are viewed as seperate earnings.

    can anyone just tell me in plain english how i sort this out?

    Thanks


Comments

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


    Um,

    gave you stock? for free? and you still have the stock?

    You would have been oblidged to fill out a RTSO1 within 30 days of the shares being gifted to you and pay income tax on the difference between market value and gift price. The income tax is then deducted from any subsequent CGT liability when you sell them

    It's of note whether they were Revenue approved shares or not.

    The first port of call is the company you worked for.


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