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

Capital gains calculation

riddles · 2021-12-01 12:31:31

Hi for capital gains tax - if you have total gross gains of 10K and total gross losses of 4K, is the tax calculated on 10K minus 1270 - 4000 = 4370 - 33%? thx R

01-12-2021 12:31pm

#1

riddles

Registered Users, Registered Users 2 Posts: 1,321 ✭✭✭

Join Date: October 2008

Posts: 1130

Hi
for capital gains tax - if you have total gross gains of 10K and total gross losses of 4K, is the tax calculated on 10K minus 1270 - 4000 = 4370 - 33%?
thx
R

0

Comments

#2 01-12-2021 3:40pm

SureYWouldntYa

Registered Users, Registered Users 2 Posts: 7,799 ✭✭✭

Join Date: October 2011

Posts: 7685

The losses leave you with a gain of €6k, the annual exemption then leaves you with a chargeable gain of €4,730 which will be charged at 33%, a liability of €1,561.

0
#3 02-12-2021 9:56am

JimmyVik

Registered Users, Registered Users 2 Posts: 5,367 ✭✭✭

Join Date: April 2020

Posts: 5311

If you are married arrange it so you get to use both your allowances.

0