Loss on sale of AIB shares

[Homer]

I had a number of AIB shares that I bought back in the mid 1980s. Last year, these were sold automatically for a pittance.

I’m struggling to find out how much I paid for the shares as it was a long time ago. They were bought partly through an approved profit sharing scheme and partly though an option I had to buy some shares at a discount. I also opted to receive some dividends in the form of additional shares. To complicate matters further, I sold some of the shares in two or more transactions.

Is it possible that AIB or some agency would have the information that I would need in order to calculate the loss on the shares? Or should I just notify Revenue of the sale and tell them I am unable to calculate the loss?

I’m due to pay CGT by the end of this month on a property I sold last month, so it would be helpful to have a loss to offset against the gain. And what happens if I make a payment that ignores any loss on the AIB shares, but then I subsequently manage to calculate the loss on these shares? I presume I would be entitled to submit a return by end October that allows for the loss on the AIB shares and I would then be entitled to a refund of the difference or an offset against my income tax liability. Is that correct?

 

[Brendan Burgess]

1) How many shares did you sell last year? - say 10
2) There was a 250 for 1 restructuring in 2017 - so you had 2500
3) Here is the Irish Times from 1987

4) AIB share price was 263 - presumably pence sterling?
5) So your 2,500 shares cost you about £5,000

That is probably the best you can do?

 

[Brendan Burgess]

Ah, Computershare maintains the original register and can tell you how many shares you had and when you sold them.

How to calculate CGT on AIB shares.

Does anyone know how to go about estimating the capital loss when you have no record or memory of when and how much were paid for the shares in the first place? In my case (I'm referring to AIB buyback) they were purchased long before computershare, and any paper records or notes are long gone...

www.askaboutmoney.com

 

[Homer]

Ah, Computershare maintains the original register and can tell you how many shares you had and when you sold them.

How to calculate CGT on AIB shares.

Does anyone know how to go about estimating the capital loss when you have no record or memory of when and how much were paid for the shares in the first place? In my case (I'm referring to AIB buyback) they were purchased long before computershare, and any paper records or notes are long gone...

www.askaboutmoney.com

Thanks Brendan.

I’ll get in touch and see how helpful they are.