CGT FIFO - options or RSUs first?

honeybadger00

Hello everyone.

I joined a private company in 2015 and recieved stock options and RSUs. Options had time vesting condition, RSUs had time vesting + IPO condition. Options time vested in 2018 and I bought them. In the meantime, some RSUs time vested in 2016 and 2017 and all vested by 2020.

The company went public in 2021 but since CGT follows FIFO rule, I'm confused about which shares are at the "front" of the FIFO - is it the options I bought in 2018, or the RSUs that time-vested in 2016 and 2017, although the second (liquidity / IPO) condition only happened in 2021?

I have read pages of Revenue documents by now but I still cannot find the options vs RSU acquisition anywhere.

Many thanks.

Marcusm

1. Were all the shares, ie the RSUs and those acquired under the options of the same class?
2. If yes, the RSUs were acquired when the conditions for allocating them were satisfied (even if you were not able to sell).
3. The options are a separate asset and the shares w were only acquired when they were exercised the shares transferred to you.
4. Map out the respective holdings and you will have a list of shares and their acquisition dates and you can then apply FIFO rules.

dewsbury

All,
Calculating FIFO is a pain in the neck and error prone.
I have developed an excel program that calculates capital gains based on FIFO principles.
All the user has to do is "paste" transactions into a sheet and then click a "Run" button.
The data required is obvious stuff, Date, Share name, Quantity, Price. The system generates an audit proof of calculations etc.

I believe that the calculations are correct - BUT CHECK THEM!!

Marcusm

https://www.boards.ie/discussion/comment/123935971#Comment_123935971

Does your excel take account of bed & breakfasting rules?