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Selling shares

  • 04-03-2016 9:40am
    #1
    imonboard
    Registered Users, Registered Users 2 Posts: 150 ✭✭


    Hi

    Can i sell half my shares this year and avail of the tax free CGT amount 1270 and sell the other half next year and avail of the 1270 again?


Comments

  • #2
    Cute Hoor
    Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭Cute Hoor


    Yep, the €1,270 is available to you every year.


  • #3
    imonboard
    Registered Users, Registered Users 2 Posts: 150 ✭✭imonboard


    So i could sell half in December this year and half next January.


  • #4
    imonboard
    Registered Users, Registered Users 2 Posts: 150 ✭✭imonboard


    Next question, I think its called bed and breakfast. Can I sell shares at a loss now and buy them back in 5 weeks time and still use that loss to offset tax? Can i still carry this loss forward even though i have bought back the shares?


  • #5
    omerin
    Registered Users, Registered Users 2 Posts: 1,501 ✭✭✭omerin


    Is there any idiots guide online to help manage shares - applicable taxes, forms, do you need to declare if under the allowance?


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