Is stamp duty an allowable CGT expense?

[Herbie]

Hi,

I'm trying to calculate my CGT liability on some share disposals and am wondering am I correct in calculating my gain as the (selling price minus costs of sale) - (purchase price minus cost of purchase) where costs of purchase and sale consist of stockbroker's commission plus stamp duty. The Revenue CGT leaflet mentions costs of aquisition and disposal as allowable expenses but doesn't really say what is/isn't allowed. I assume that stockbrokers commission is an 'agent's fee' but is stamp duty allowable as an expense?


Thanks,

Herbie

 

[oysterman]

Yes.

 

[Herbie]

Thanks for the quick reply and the answer that I was hoping for!

Herbie

 

[Del3D]

(selling price minus costs of sale) - (purchase price minus cost of purchase)

Should that not be:

(selling price minus costs of sale) - (purchase price plus cost of purchase)

eg.
sold for €1000, with additional costs of €10
bought for €500, with additional costs of €10

amount is (€1000-€10) - (€500 + €10) = €990 - €510 = €480

 

[ClubMan]

Surely it should be

disposal price - acquisition price (indexed for inflation up to 2003 (?) if applicable) - allowable costs - annual CGT exemption if applicable?