2024 CGT treatment. LIFO Loss, followed by FIFO Gain, followed by reacquiring within 28 days

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All transactions in the same share class in the same company quoted on US stock exchange.

I have a bunch of shares in this company, and regulary get new shares in it.

Dec-16 Acquired new shares in a company
Dec-17 Sold those new shares, which under LIFO, had a loss of €1000
Dec-17 (later in the same day, another transaction) Sold older shares in the same company, which under FIFO, has a gain of €2000
Jan-02 (within 28 days of all the above transactions) Acquired new shares in the company

How I do I handle the tax on this?

A. Is my taxable gain for 2024 0. i.e. €2,000 profit - €1,000 loss - €1,270 CGT allowance

Or

B. Is my taxable gain for 2024 €730 i.e. €2,000 profit - €1,270 CGT allowance. And the €1,000 loss is only usable when I sell the 'Jan-02' shares?

I think it is A. But I am not sure.

Thanks for you advice
 
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It's B. You are Kevin in Example 2:

Selling or disposing of shares

This page is an explanation of the special rules that apply to CGT on shares
www.revenue.ie www.revenue.ie

Shares sold within four weeks of acquisition
Shares bought and sold within a four-week period cannot be offset against other gains.

You can only deduct the loss from a gain made on a subsequent disposal of same-class shares acquired within the four weeks.
 
Thank you! I was surprised, I thought because I had sold more of the same-class within the four weeks, that I may have been able to offset them.

Tax and duty manual below and the Act seem to agree with you! Although it mentions that if you re-acquired fewer shares that you sold at a loss, you can use some of the loss.

Manual: Act:

Taxes Consolidation Act, 1997, Section 581

The electronic Irish Statute Book (eISB) comprises the Acts of the Oireachtas (Parliament), Statutory Instruments, Legislation Directory, Constitution and a limited number of pre-1922 Acts.
www.irishstatutebook.ie
 
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