CGT re eircom shares

Carlow · 21-03-2026 03:36PM #1

Hi all. I was foolish enough to buy eircom shares at the IPO. I sold them about eight years ago (I think). I am shortly going to face a significant CGT bill due to the sale of a second property. I believe it is possible to offset the Eircom loss against to gain from the sale of the house, if I could quantify the eircom loss. It is significant, as i bought about €45K worth of shares at the time.

Does anyone know of any organisation who is expert in this particular area? I am speaking specifically about how to calculate the eircom loss.

Any help would be greatly appreciated.

Carlow · 21-03-2026 03:48PM

I asked if anyone knows a professional who specialises in the area. I have no need for random clowns.

Geuze · 21-03-2026 04:17PM

There are plenty of old threads on AAM about establishing the base cost of Eircom shares.

Search there, using Google.

Lenar3556 · 01-04-2026 05:43PM

https://www.boards.ie/discussion/comment/124329932#Comment_124329932

Any accountant should be able to do this for you. It’s not very complex and you are correct in your belief that this loss can typically be used to offset an expected subsequent capital gain like the sale of this second house.

The key requirements are that your owned the shares personally, that you have sold them and that the loss has been realised.

If you bought Eircom shares for €45k and sold them for €1k - That €44k loss is allowable against that the CGT bill for this property sale.

DmanDmythDledge · 02-04-2026 11:20PM

The situation with the eircom shares is not a standard case, and most definitely is not straightforward. If the OP bought them via the IPO, then they ended up with Vodafone shares as part of the share swap in early 00s, and then Verizon shares.

There was also the return to value, which resulted in income tax liabilities for any shareholder who did nothing or didn't respond. A lot of people fell into this category.

It's been many years since I've looked at it (it must be 5+ since I've heard of anyone disposing Verizon shares that originated from an eircom holding) but as pointed out above there is some good publicly available information out there.

@Carlow if your situation is the same as the above and you need assistance send me a PM.

Bass Reeves · 02-04-2026 11:58PM

Working from memory, Carlow if you had Eircom shares it ended up in two entities, An Eircom share sold to Valentia, which was a Vodafone share transposed into Verison shares. It was the Verison shares you sold I presume.

The orginal floation price was 3.9/ share. Valentia paid 1.335/ share. The conversion from Eircom to Eircell and on into Vodafone shares I cannot remember but it was horrendus. An accountant should be able to access the information

The only detail to be aware of us that if you have used your annual capital gains allowance in the intervening period you should have used the capital.loss from the shares first

CGT re eircom shares

Answers