Capital Gains Tax and PRSI

JonM

Registered User
Messages
10
My wife is going to sell some shares and will be [luckily] paying some CGT.

Will we have to pay PRSI on this? That is to say, will this aspect of our income be included in the income considered for PRSI?

We are retired and have no salaries, just pensions, interest and capital gains.

Thanks.
 
Don't forget to deduct all exps in relation to the sale and purchaes incl the annual fee most brokers change for having an account

Before you sell your wife could transfer half the shares to you assuming you are not making a profit from the sale of an asset - no cost involved afaia or enough to show a profit of 1270 in order to avail of the additional CGT allowance of 1270