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Capital Gains Tax and Seedrs (Venture Capital investment?)

  • 01-07-2020 10:16am
    #1
    errlloyd
    Registered Users, Registered Users 2 Posts: 12,619 ✭✭✭✭


    Hi all

    I have invested in a few startups via the Seedrs platform, most notably Revolut, and I am thinking of selling my shares to fund a mortgage deposit. I will definitely have to pay Capital Gains Tax, but I know CGT is only 15% for "venture capital" investments.

    Does seedrs count as VC?


Comments

  • #2
    Valhallapt
    Registered Users, Registered Users 2 Posts: 1,226 ✭✭✭Valhallapt


    errlloyd wrote: »
    Hi all

    I have invested in a few startups via the Seedrs platform, most notably Revolut, and I am thinking of selling my shares to fund a mortgage deposit. I will definitely have to pay Capital Gains Tax, but I know CGT is only 12.5% for "venture capital" investments.

    Does seedrs count as VC?

    No you’ll be taxed at 33%


  • #3
    errlloyd
    Registered Users, Registered Users 2 Posts: 12,619 ✭✭✭✭errlloyd


    Rate of CGT
    The rate of CGT is 33% for most gains. There are other rates for specific types of gains. These rates are:

    40% for gains from foreign life policies and foreign investment products
    15% for gains from venture capital funds for individuals and partnerships
    12.5% for gains from venture capital funds for companies.
    Venture capital is money that is invested in a start-up company or small business.

    Happy to pay the 33%, just wondering what this means?


  • #4
    phil
    Registered Users, Registered Users 2 Posts: 568 ✭✭✭phil


    Yeh, it'll be normal CGT.

    VC 15% would only apply if you were running a VC fund and I believe applies to the carry. You're not running a VC fund so it won't apply either way.


  • #5
    errlloyd
    Registered Users, Registered Users 2 Posts: 12,619 ✭✭✭✭errlloyd


    Cheers all!


  • #6
    blocstock
    Registered Users, Registered Users 2 Posts: 7 ✭blocstock


    arent u allowed to sell a certain amount tax free ?


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  • #7
    thegolfer
    Registered Users, Registered Users 2 Posts: 346 ✭✭thegolfer


    blocstock wrote: »
    arent u allowed to sell a certain amount tax free ?

    Yep, €1,270.


  • #8
    shanmo
    Registered Users, Registered Users 2 Posts: 379 ✭✭shanmo


    Sorry to jump in, Do you have to pay Stamp duty when you buy shares on seeders? Thanks.


  • #9
    errlloyd
    Registered Users, Registered Users 2 Posts: 12,619 ✭✭✭✭errlloyd


    shanmo wrote: »
    Sorry to jump in, Do you have to pay Stamp duty when you buy shares on seeders? Thanks.

    Ehm, I dunno. I didn't. Should I?


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