CGT Due on Sale of Share Awards

R

RobG

Guest
I am planning to sell shares that are part of a company stock award scheme. The overall value is EUR5,000, but showing a loss of EUR2000 from the original purchase price.

Is it correct to take this loss into account when calculating CGT, so I pay 25% of EUR3000, less exemption of EUR1270.
 
I assume that these are Share Options that were granted to you?
If so, it is the exercise price that is the cost - I assume this was €50,000.
If you then sold them for €20,000 - you have made a loss, and no CGT is payable. This loss can be set against other gains in the year, or carried forward to set against future gains.
 
I assume that these are Share Options that were granted to you?

Actually no, the company switched from Share Options to Share Awards some years ago - effectively they are regular stock, purchased in the employee name and deposited in a holding broker.