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.
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.