In light of the recent budget, would the following be correct CGT tax due?
Issue/Purchase Date10-Oct-08Cheque Lodged21/10/2008Amount6394.5Less Purchase Price42.61Less CGT allowance1,270Total liable to CGT5,082CGT Due (22% of 5,082)1118.02
The payment resulted from the purchase of "A" ordinary shares at a nominal value of 1 cent per "A" ordinary share (€42.61) plus an additional payment of €1.49 per "A" ordinary share where they were re-purchased by the company (FBD).
I think this tax is not due until mid December now.
Issue/Purchase Date10-Oct-08Cheque Lodged21/10/2008Amount6394.5Less Purchase Price42.61Less CGT allowance1,270Total liable to CGT5,082CGT Due (22% of 5,082)1118.02
The payment resulted from the purchase of "A" ordinary shares at a nominal value of 1 cent per "A" ordinary share (€42.61) plus an additional payment of €1.49 per "A" ordinary share where they were re-purchased by the company (FBD).
I think this tax is not due until mid December now.