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Question on shares

bizidea · 2020-01-06 13:50:32

Hi I'm just wondering if I invest say a €1000 euro in a stock lets just say the stock rises over 10% in a week so I decide to sell and I get 1100 euro back do I pay 33% cgt on the €100 profit.if I reinvest in another stock and lose the €100 profit on this other stock do I still pay 33% on the first stock I sold thanks.

06-01-2020 1:50pm

#1

bizidea

Registered Users, Registered Users 2 Posts: 403 ✭✭

Join Date: February 2013

Posts: 364

Hi I'm just wondering if I invest say a €1000 euro in a stock lets just say the stock rises over 10% in a week so I decide to sell and I get 1100 euro back do I pay 33% cgt on the €100 profit.if I reinvest in another stock and lose the €100 profit on this other stock do I still pay 33% on the first stock I sold thanks.

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Comments

#2 06-01-2020 1:59pm

AlmightyCushion

Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,125 Mod ✭✭✭✭

Join Date: April 2006

Posts: 33566

There is CGT relief of €1270, so you only pay it on profit over that amount. Also, yes you can offset your losses against your profit for CGT.

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