CGT Complicated calc?

I got 450 free FA shares plus I bought 255 at launch cant remember launch price) and later got 45 loyalty.
I am carrying a loss from Eircom of E187.93 (thanks to aam for that calc).

I sold 360 FA on 7/1/2003 for E1978.02(1998.00 - 19.98 exp)

I got E403.20 in June 03 for cancelled bonus shares.

The remaining shares got E2232.00 from RBOS.

How do I minimise CGT to Revenue for 03 and 04?
Is there any advantage in specifying free shares or bought shares for the 7/1/2003 sale?

I dont understand the process involved in the cancellation of the bonus shares

Any help much appreciated

The fact that you have a sale in both 2003 and 2004 is terribly important.

From the first gain in 2003, you deduct your Eircom loss, then from the net gain, deduct the 'annual exemption' of €1270 (assuming no other gains) and then calculate the tax on the net gain.

For 2004, you can deduct the 'annual exemption' of €1270 and then calculate the tax due on net gain.

It looks like you may not have returned 2003 yet, so dont forget that.

For FA the shares had a 'NIL' cost and similarly a Bonus share also has a NIL cost. The isssue is the proceeds for each year and you have luckily split the share neatly in two.

I wont wade through the detail and hope that gives you the pic.