Hi All
Any help received here is greatly appreciated.
My wife has a Restricted Stock Unit compensation package with her employer, 1872 Shares vesting at 25% per year over 4 years.
The first vesting period has just happened and the shares are now settled in the account. 468 vested shares.
The value of the 468 Vested Shares is Approx $75,000 - Base Salary E60,000
The employer withholds a portion of the shares to cover the tax on same, in this case 244 Shares Approx $39,500
So she should be left with Approx $35,500 after the employer deduction for Tax.
Where would you start to try work out the CGT Liability here? The 244 withheld shares for tax I am assuming are to cover Income Tax, PRSI, USC.
Is CGT still applicable to the total gain on the Shares? i:e Disposal Proceeds Less Costs of Disposal Less Cost of Acquisition?
Trying to find the starting point to work out the CGT Liability.
Cheers,
J
Any help received here is greatly appreciated.
My wife has a Restricted Stock Unit compensation package with her employer, 1872 Shares vesting at 25% per year over 4 years.
The first vesting period has just happened and the shares are now settled in the account. 468 vested shares.
The value of the 468 Vested Shares is Approx $75,000 - Base Salary E60,000
The employer withholds a portion of the shares to cover the tax on same, in this case 244 Shares Approx $39,500
So she should be left with Approx $35,500 after the employer deduction for Tax.
Where would you start to try work out the CGT Liability here? The 244 withheld shares for tax I am assuming are to cover Income Tax, PRSI, USC.
Is CGT still applicable to the total gain on the Shares? i:e Disposal Proceeds Less Costs of Disposal Less Cost of Acquisition?
Trying to find the starting point to work out the CGT Liability.
Cheers,
J