RTSO1 form

danoriordan1402

Hi, just looking for a sanity check as its my first time doing a return. I am part of an unapproved ESPP scheme at work where we have to look after our own tax obligations/PRSI etc.

Would the below be correct in terms of the tax due on RTSO( numbers rounded off for sanity.

Lets say shares were $100 at the start of the 6 month period and $ 120 at end

Shares purchased with a 15% discount so 80 shares bought at the $85 value. 

so Fair market value on exercise date (purchase) would be $120.

Actual Purchase Price: $85

Difference would be ( 120-85) =35

x

80 ( number of shares ) 

= 2,800 - --> this would be the total amount of gain for the RTSO1 form

x 52% ( higher rate of tax + PRSI + USC)

=1,456 due in tax

now if I sold them all for CGT at say 125 next week it would be 125(current price) -120( cost of acquisition) = 5 (x80) = 400 which is below the threshold for example so no 33% CGT due.

Thanks!

Apiarist

Exactly, your calculations are correct.