CGT on shares that have been bought at different prices

hikicker

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Hi Just wondering about the CGT treatment of sold shares that have been bought at different times/prices. Eg: have purchased shares at €3.19, €3.21, €3.95 etc. If I were to sell half of my shareholding, at which price do I state my initial costs were in order to calculate CGT??
 
You use the FIFO principle. First in, first out
You use the first block, then the second block, etc until you reach the number of shares sold.
 
Hi, I am carrying losses of €10k from previous years. I've just sold shares at a gain €2,000. Can I use the €1,270 capital gain exemption per year to carry forward €9,270 rather than €8,000?
 
The allowance of 1270 is per year only and cannot be carried forward. So example: You buy shares in 2010 for 2000euros. You sell all of these shares for 4000euros in 2015. You have made a profit of 2000euros. (You only pay CGT on the profit. There is an allowance of 1270 euros). 2000 less 1270 (allowance) = 730euros. You pay CGT at 33% on 730euros.
The allowance of 1270 is per tax year only and cannot be carried forward.
 
Hi, I am carrying losses of €10k from previous years. I've just sold shares at a gain €2,000. Can I use the €1,270 capital gain exemption per year to carry forward €9,270 rather than €8,000?

I don't think so.

You must use up the losses forward before you use the annual allowance.

Brendan
 
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