Disposal of Private Company Shares

A

ask73

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I have recently sold a share in a private company(10%) that I bought for €10.00 in December 2004 and sold for €3,000.00 in December 2007. Do I have to pay tax on the transaction?
 
I presume that Capital Gains Tax of 20% of the gain would apply to this transaction, just as it would to buying/selling shares in public companies. The annual allowance of €1k gain per person should be deducted. The CGT calculator should help.
 
Did you make a gain on the sale of these shares.... Yes! Therefore you are subject to CGT over and above the €1,270 limit.
 
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