P Protocol Registered User Messages 4,854 24 May 2022 #1 Share sale July 2021, sale of all my all holdings in one company. There had been four purchases 2008 to 2019. Gross proceeds of sale after commission = 15,557.52 less 4x purchase costs, incl commission and stamp duty = 8,052.56 Gain = 7,504.96 Sale of pTSB the same month, capital loss = 4,237.07 Loss on Anglo Irish Bank = 3,021.74, total loss Total losses = 7,258.81 Overall gain is 250 euro approx, so no CGT due? CGT return due by 31-Oct 2022? Thanks.
Share sale July 2021, sale of all my all holdings in one company. There had been four purchases 2008 to 2019. Gross proceeds of sale after commission = 15,557.52 less 4x purchase costs, incl commission and stamp duty = 8,052.56 Gain = 7,504.96 Sale of pTSB the same month, capital loss = 4,237.07 Loss on Anglo Irish Bank = 3,021.74, total loss Total losses = 7,258.81 Overall gain is 250 euro approx, so no CGT due? CGT return due by 31-Oct 2022? Thanks.
P Paul O Mahoney Registered User Messages 1,844 24 May 2022 #3 Protocol said: Share sale July 2021, sale of all my all holdings in one company. There had been four purchases 2008 to 2019. Gross proceeds of sale after commission = 15,557.52 less 4x purchase costs, incl commission and stamp duty = 8,052.56 Gain = 7,504.96 Sale of pTSB the same month, capital loss = 4,237.07 Loss on Anglo Irish Bank = 3,021.74, total loss Total losses = 7,258.81 Overall gain is 250 euro approx, so no CGT due? CGT return due by 31-Oct 2022? Thanks. Click to expand... You forgot your €1270 exemption.
Protocol said: Share sale July 2021, sale of all my all holdings in one company. There had been four purchases 2008 to 2019. Gross proceeds of sale after commission = 15,557.52 less 4x purchase costs, incl commission and stamp duty = 8,052.56 Gain = 7,504.96 Sale of pTSB the same month, capital loss = 4,237.07 Loss on Anglo Irish Bank = 3,021.74, total loss Total losses = 7,258.81 Overall gain is 250 euro approx, so no CGT due? CGT return due by 31-Oct 2022? Thanks. Click to expand... You forgot your €1270 exemption.
G Gordon Gekko Registered User Messages 7,936 24 May 2022 #4 It reads to me like Protocol is implying the €1,270 when saying “so no CGT due”. So it all looks correct to me. Ordinarily, a ‘negligible value claim’ would have been required for the Anglo loss, but Revenue eBrief 76/09 covered that.
It reads to me like Protocol is implying the €1,270 when saying “so no CGT due”. So it all looks correct to me. Ordinarily, a ‘negligible value claim’ would have been required for the Anglo loss, but Revenue eBrief 76/09 covered that.
P Paul O Mahoney Registered User Messages 1,844 24 May 2022 #5 Gordon Gekko said: It reads to me like Protocol is implying the €1,270 when saying “so no CGT due”. So it all looks correct to me. Ordinarily, a ‘negligible value claim’ would have been required for the Anglo loss, but Revenue eBrief 76/09 covered that. Click to expand... I'm still stuck in 1986 doing my first and only tax paper, " show all workings " .
Gordon Gekko said: It reads to me like Protocol is implying the €1,270 when saying “so no CGT due”. So it all looks correct to me. Ordinarily, a ‘negligible value claim’ would have been required for the Anglo loss, but Revenue eBrief 76/09 covered that. Click to expand... I'm still stuck in 1986 doing my first and only tax paper, " show all workings " .
P Protocol Registered User Messages 4,854 24 May 2022 #6 Yes, correct, I meant no CGT as the gain is below the 1,270 annual exemption limit. Thank you all.