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CGT on execution date or value date

  • 04-02-2014 7:40pm
    #1
    Diarmuid
    Registered Users, Registered Users 2 Posts: 3,981 ✭✭✭


    When shares are sold, is the date on which the CGT is calculated, the value date or the execution date?


Comments

  • #2
    nompere
    Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭nompere


    In the majority of cases it's the date of the contract. That's generally the value date.


  • #3
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,633 ✭✭✭✭Marcusm


    I would actually expect the date of the contract to be the execution date; the value date is the settlement date. It's of little consequence unless it's in non € currency or spans a tax year. If it's in non € currency, the exchange rates between contract and settlement date are a capital gains calculation in their own right (although 90% of practitioners would not follow that through but rather use the settlement rate for the initial txn).


  • #4
    Diarmuid
    Registered Users, Registered Users 2 Posts: 3,981 ✭✭✭Diarmuid


    Marcusm wrote: »
    I would actually expect the date of the contract to be the execution date; the value date is the settlement date. It's of little consequence unless it's in non € currency or spans a tax year.
    That's the issue. Thanks for the reply


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