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AIB Online Share Purchase Statement

  • 29-01-2017 08:57PM
    #1
    Jonny303
    Registered Users, Registered Users 2 Posts: 634 ✭✭✭


    Hi,

    Looking to see if anyone would know. Bought various shares between 2010-2014 through AIB online. I was young foolish, and afterwards...poor.

    Anyway, it only came to my attention recently that I may be able to put some of these losses against tax. (I still own a good bit of it) Only problem is locating the purchase receipts. When AIB's online platform changed to Goodbodys, it doesn't seem to have brought across any history. Any idea where I would get the old info from?

    Thanks


Comments

  • #2
    Prezatch
    Registered Users, Registered Users 2 Posts: 952 ✭✭✭Prezatch


    Your shareholding is still managed by somebody.

    Perhaps check with Capita. I bought shares a few years back through AIB and I receive shareholder information on AGMs etc. in the post from Capita.

    See link below:
    http://www.boards.ie/vbulletin/showthread.php?t=2056323162


  • #3
    Prezatch
    Registered Users, Registered Users 2 Posts: 952 ✭✭✭Prezatch


    When you get the cert, ring around a few brokers in Dublin (Davy, Campbell O'Connor) and see which is cheapest for executing the sale


  • #4
    Jonny303
    Registered Users, Registered Users 2 Posts: 634 ✭✭✭Jonny303


    They are with Goodbody, transferred automatically when AIB stopped it.

    It is showing in the system though that the shares we're bought for approx 4k and still hold the current value.

    However, I paid over 20k in various transactions. It is these transactions I have no record of.

    I may possibly have sold them all at one stage and bought them back shortly afterwards but I can't remember for sure. This might be why it is showing the current value. I have just no paperwork to check this out.

    If this is the case, the 16k loss I took (sale possibly taking place in 2014), can I put this against income tax?


  • #5
    Prezatch
    Registered Users, Registered Users 2 Posts: 952 ✭✭✭Prezatch


    Could it be the case that you bought the shares for 20k and by the time they transferred to Goodbodys a few years later they were only worth 4k and have remained around that value. Therefore the 'purchase price' on Goodbodys system would only show 4k as well as current value.

    Really you need to check how many shares you originally bought through AIB if possible and then compare to how many shares you have with Goodbodys.

    I'm shocked that you have zero documentation and kept no record for over 20k worth of purchases over 4 years and can't remember if you ever sold any :rolleyes:

    Regardless, no you cannot write off the loss against income tax, only capital gains tax (gains made on sales etc.) If you don't have anything to write it off against right now, the losses can be carried forward. With such a large write off, you'd want to make sure your documentation is in very good order in case the Revenue audited your claims also.


  • #6
    Jonny303
    Registered Users, Registered Users 2 Posts: 634 ✭✭✭Jonny303


    Right so its only CGT they can be offset against.

    I was 19 and working full time since i was 17. Others burnt money in cars, I burnt money in shares. Mainly BOI.

    I had my records but more so just relied on AIB's online platform. When the shares fell away to nothing, I just lost track of paperwork etc.

    I think you are correct in saying that the base value that goodbody are putting on them is the value of when they were transferred over, rather than purchase values.


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