Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Yet another cgt question

  • 28-01-2021 12:46am
    #1
    Registered Users, Registered Users 2 Posts: 2,880 ✭✭✭


    You own 1000 shares worth e10,000 in company A which you purchased 10 years ago for e5,000. These shares are held in a US brokerage account.

    Today you purchase a further 1000 shares in company A for e10,000 using your Degiro account.

    Next week you sell your 1000 shares in company A in the US brokerage account for e10,000.

    Given that there is less than 4 weeks between buying and selling the same share types in the same company, is CGT due this year or is it deferred to when you sell the shares in the Degiro account?

    TLDR: if you buy and sell the same share within 4 weeks is FIFO or LIFO applicable for cgt purposes?


Comments

  • Registered Users, Registered Users 2 Posts: 2,880 ✭✭✭MicktheMan


    Bump, would appreciate any guidance on this.

    I have searched and only found vague references to this suspension of FIFO when less than 4 weeks between transactions.

    And nothing about using different brokerage firms / different jurisdictions. Does it even matter?


Advertisement