CG1 Form for sold RSUs

denboardie

Hello everybody and apologies in advance if this has already been answered.

I’m trying to figure out what numerical values I’m supposed to enter in point 7 and 15 in the 2024-CG1 form in regard to the sold RSUs shares of the same year.

In 2024, I cashed out 1000 EUR (it's an hypothetical value in order to make things easier) in RSUs which is still below the 1270-EUR tax exemption that I can offset.

Based on my understanding the value should be 0.00 EUR as there is no chargeable gain (CGT) but I could be wrong.

There was a gain of 100 EUR but they’re already built up in the 1000 EUR that I cashed out, therefore 900 EUR + 100 EUR which makes 1000 EUR in total that I cashed out.

At point 7, am I supposed to enter 100 EUR or 0.00 EUR?

Additionally, at point 15, as I’ve got 15 EUR of unused loss from 2023, what am I supposed to enter? 1270 EUR + 15 EUR or 15 EUR only?

I’m asking this question as the form that I uploaded on the portal was returned to me as incomplete due to the lack of values in point 7 and 8 (which is 0.00-EUR loss in 2024)

Can anybody help me understand this?

Thanks in advance,

D.

SureYWouldntYa

Box 7 would be your €1,000 chargeable gain

Box 14 is your €15 losses forward - losses forward must be utilised before the annual exemption can be claimed

Box 15 is the claim of your €1,270 personal exemption, it doesn't really matter whether you put in €1,270 or just the €985 you are actually utilising

Box 16 is then €0 as there is no net chargeable gain

Few 0s in the relevant places in box 25 and that's you done

denboardie

https://www.boards.ie/discussion/comment/123849555#Comment_123849555

Thank you so much with your reply as I was a bit lost filling the form. Point/box 7 was confusing me for the use of the adjective “chargeable” as I couldn’t understand why it was used. For my understanding it’s something that has to be charged in taxation but then you pointed out the point/box 16.

Just a question if I may. So in the total consideration point/box 1 and point/box 7 the values are the same, aren’t they?

Thanks again.

SureYWouldntYa

Box 7 saying chargeable is technically the correct word, it is chargeable it's only the exemption that leaves it non taxable, box saying being labelled 'taxable gain' would be clearer to most people

Yes both box 1 and box 7 in your case should be the same, the only way it would be different is if you had anything to input in boxes 2-6. You should also ensure to complete box 1(i) for the totals, i've had a return come back as incomplete for this (things like that is why i dont understand this being a paper form as opposed to an online form)

denboardie

Thanks again for the clarification. It now, thanks to you, makes total sense.
I think the form would be handy if it were online.

Thank you.