CGT on share sale - are these calculations correct?

P

Protocol

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Share sale July 2021, sale of all my all holdings in one company. There had been four purchases 2008 to 2019.

Gross proceeds of sale after commission = 15,557.52
less 4x purchase costs, incl commission and stamp duty = 8,052.56
Gain = 7,504.96

Sale of pTSB the same month, capital loss = 4,237.07
Loss on Anglo Irish Bank = 3,021.74, total loss
Total losses = 7,258.81

Overall gain is 250 euro approx, so no CGT due?

CGT return due by 31-Oct 2022?

Thanks.
 
Protocol said:
Share sale July 2021, sale of all my all holdings in one company. There had been four purchases 2008 to 2019.

Gross proceeds of sale after commission = 15,557.52
less 4x purchase costs, incl commission and stamp duty = 8,052.56
Gain = 7,504.96

Sale of pTSB the same month, capital loss = 4,237.07
Loss on Anglo Irish Bank = 3,021.74, total loss
Total losses = 7,258.81

Overall gain is 250 euro approx, so no CGT due?

CGT return due by 31-Oct 2022?

Thanks.
Click to expand...
You forgot your €1270 exemption.
 
It reads to me like Protocol is implying the €1,270 when saying “so no CGT due”.

So it all looks correct to me.

Ordinarily, a ‘negligible value claim’ would have been required for the Anglo loss, but Revenue eBrief 76/09 covered that.
 
Gordon Gekko said:
It reads to me like Protocol is implying the €1,270 when saying “so no CGT due”.

So it all looks correct to me.

Ordinarily, a ‘negligible value claim’ would have been required for the Anglo loss, but Revenue eBrief 76/09 covered that.
Click to expand...
I'm still stuck in 1986 doing my first and only tax paper, " show all workings " .
 
Yes, correct, I meant no CGT as the gain is below the 1,270 annual exemption limit.

Thank you all.
 
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