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Share grants - Dumb it down a little

  • 06-02-2019 10:28am
    Registered Users Posts: 2,860 ✭✭✭ D3V!L

    I got gifted share grants through my employer last year and as they've just started vesting I can now sell them if I want.

    I'm a PAYE employee and through the company that runs it we receive the proceeds through our payroll.

    I read about CGT and I dont quite understand it. Would I be taxed on the proceeds through PAYE or would i have to declare the earnings myself ?

    If someone could spell it out nice and simple like they're talking to a child I'd very much appreciate it :D


  • Registered Users Posts: 11,134 ✭✭✭✭ Geuze

    CGT is a tax payable on any gain if you dispose of an asset.

    It is not paid through PAYE system.