If you have a new account but can't post, please email Niamh on [email protected] for help to verify your email address. Thanks :)
New AMA with a US police officer (he's back!). You can ask your questions here

CGT Allowable Expenses

  • 29-09-2020 7:49pm
    Registered Users Posts: 2,991 ✭✭✭ Taylor365

    Quick one, from Revenue's site:

    What are ‘allowable expenses’?

    They are costs that you can deduct from the sale price to work out your chargeable gain. These can be:
    • any money spent by you which adds value to the asset (known as ‘enhancement expenditure’)
    • costs (for example, fees paid by you to a solicitor or auctioneer) when you acquired and disposed of the asset.

    Although not explicitly stated above, are broker fees/exchange charges allowable expenses?


  • Registered Users Posts: 5,024 ✭✭✭ homer911


  • Registered Users Posts: 2,991 ✭✭✭ Taylor365

    homer911 wrote: »
    Are they the fees incurred in that year?


    Are they fees incurred on that specific stock? (buy and sell transactions over multiple years)

  • Registered Users Posts: 2,991 ✭✭✭ Taylor365

    Anyone answer the above?