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Capital Gains Tax on US shares sold with a US Bank

greenbamboo · 2013-01-15 15:58:51

My mother sold shares worth 94000 euros that was with a US company. She was a joint name on an account with my father for the last 40 years.The account was with bank of america in the US. My dad died 5 years ago so she decided to sell the shares last year. She received the money in November. The shares were bought by my…

15-01-2013 3:58pm

#1

greenbamboo

Registered Users, Registered Users 2 Posts: 35 ✭

Join Date: June 2010

Posts: 26

My mother sold shares worth 94000 euros that was with a US company. She was a joint name on an account with my father for the last 40 years.The account was with bank of america in the US. My dad died 5 years ago so she decided to sell the shares last year. She received the money in November. The shares were bought by my dad in the 70s and he had the US account ever since because he was an american citizen.She is now worried about the capital gains tax involved and whether she will be cut off her old age non contribution pension or whether she even has to pay CGT at 66 years of age. She is worried that the irish government might take a huge portion of what my dad made on the shares.Does she need to hire an accountant. Any advice would be greatly appreciated

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#2 15-01-2013 4:47pm

nompere

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Posts: 1647

I've replied to your other post on the Taxation forum.

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