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Confirmation of CGT owed

Robert2014 · 2020-09-11 14:42:36

Hello all, I was hoping for some quick help. I sold some shares I had earned through a discount share scheme in my work earlier this year. I am liable for CGT on this. I assume that I had to make note of the difference between the cost price and sold price for all shares sold and take 33% of the total difference as what I…

11-09-2020 2:42pm

#1

Robert2014

Registered Users, Registered Users 2 Posts: 311 ✭✭

Join Date: January 2015

Posts: 308

Hello all,

I was hoping for some quick help. I sold some shares I had earned through a discount share scheme in my work earlier this year. I am liable for CGT on this.

I assume that I had to make note of the difference between the cost price and sold price for all shares sold and take 33% of the total difference as what I owe in CGT. Then take the exemption of €1270 from this figure to calculate the amount owed to Revenue?

Then I need to complete a Form 12 for Revenue and provide payment details?

Thanks in advance,

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Comments

#2 12-10-2020 3:49pm

NotHappyAtAll

Registered Users, Registered Users 2 Posts: 14 ✭

Join Date: July 2012

Posts: 11

My understanding is you subtract the €1270 from your profit first, then you pay 33% of whatever is left.

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