CGT on execution date or value date

Diarmuid · 04-02-2014 08:40PM #1

When shares are sold, is the date on which the CGT is calculated, the value date or the execution date?

nompere · 04-02-2014 09:14PM

In the majority of cases it's the date of the contract. That's generally the value date.

Marcusm · 04-02-2014 10:57PM

I would actually expect the date of the contract to be the execution date; the value date is the settlement date. It's of little consequence unless it's in non € currency or spans a tax year. If it's in non € currency, the exchange rates between contract and settlement date are a capital gains calculation in their own right (although 90% of practitioners would not follow that through but rather use the settlement rate for the initial txn).

Diarmuid · 05-02-2014 12:22AM

Marcusm wrote: »

I would actually expect the date of the contract to be the execution date; the value date is the settlement date. It's of little consequence unless it's in non € currency or spans a tax year.

That's the issue. Thanks for the reply

CGT on execution date or value date

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