Selling Shares in the UK

biggusdickus

I have non-resident status in the UK living in Ireland, can I sell Irish Shares via the UK so I can take advantage of my exemption from Capital Gains if I do not return to the UK within five years

Pawwed Rig

You would be liable for CGT in Ireland though?

biggusdickus

Pawwed Rig wrote: »

You would be liable for CGT in Ireland though?

it appears so :mad:

What happens when I sell foreign assets?
If you are resident or ordinarily resident, and domiciled in the State you are liable to CGT on worldwide gains (See Introduction to CGT). Therefore, if you dispose of a foreign asset, for example a property in another country or shares in a foreign company, Irish CGT will apply. Where foreign capital gains tax is paid a credit may be available against your Irish CGT for some, or all, of that amount. Foreign CGT, which can’t be taken into account for credit purposes, is deducted from the sale proceeds in calculating the gain

Pawwed Rig

To be honest Woman (see what I did there:D?) you would need to provide alot more details about yourself before anyone could advise you properly ie are you domiciled in Ireland/Uk, Quantify the amounts you are talking about, %age of company etc etc. I would recommend getting professional advice from someone who knows the ins and outs of Irish and Uk taxation as I may be able to quantify your Irish liability but wouldn't have a clue about the ins and outs of the UK laws.