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Form 1 or Form 11?

  • 22-10-2015 12:20PM
    #1
    Registered Users, Registered Users 2 Posts: 44


    Hello,

    I am an employee and pay taxes through PAYE. I exercised stock options in 2014 (which were also taxed through PAYE on my payroll) and apparently I have to fill in a form until the end of this month.

    My question is this:
    Do I have to fill in Form 11 or Form 1?

    Form 1:
    Tax Return and Self-Assessment for the year 2014
    (relating to taxes on income and capital gains)

    Form 11:
    Tax Return and Self-Assessment for the year 2014
    (relating to taxes on income and capital gains for self-assessed individuals)

    Basically, I don't know if I am self-assessed or not. I assume I am not as I am a PAYE employee but then again I am not sure why I have to make any assessment in the first place.

    I would really appreciate any help in this matter.

    Cheers


Comments

  • Registered Users, Registered Users 2 Posts: 10,301 ✭✭✭✭gerrybbadd


    You can be a PAYE Employee & self assessed at the same time.

    Would it be a CGT Return perhaps?


  • Registered Users, Registered Users 2 Posts: 149 ✭✭santino


    Hi DhalsimHibiki,

    Exercising Stock Options make you an self-assessed person. A Form 11 needs to be filed. Income Tax etc. is payable, not Capital Gains Tax.

    PM if you like.


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