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RSU Sell to Cover

  • 23-10-2022 1:58pm
    #1
    Eoghan25
    Registered Users, Registered Users 2 Posts: 121 ✭✭


    I am wondering on RSU so with sell to cover i receive 20 shares and 10 are sold automatically to cover taxes. My assumption then is no CGT as sold at same price received fairly simple. But i am wondering now revenue seem to look at earliest acquired share first when it comes to sales. So in this scenario

    i received 20 shares at market value of 100 euro in Feb and sell to cover sold 10 leaving me with 10 shares acquired at market value of 100 euro. So i have 10 shares in my broker account.

    In November i received 20 shares at a value of 200 and sell to cover sold 10 shares to cover taxes (which 10 shares did it sell??) do i owe capital gains on the sell to cover shares

    if revenue are going by earliest acquired share it would mean the 10 shares sold to cover for November vest would be taken from my existing earliest share lot Feb which had a market value of 100 so that would be 100 euro on each share liable for capital gains ??? Is this right or is just as simple as sell to cover sold the shares at market rate no CGT?



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