Hi all
I sold some company shares last April, I got paid in USD and I cannot figure out what exchange rate applies to pay the CGT
According to Revenue's CGT1 Guide to Capital Gains Tax " Where disposals are made in foreign currencies the cost of disposal proceeds should be converted to Euro at the date of disposal" .
But i rang revenue.ie, and they gave me a fixed figure for the whole month of March, which more or less corresponds to the minimum of the month. That rate is obviously not the average of the month of march nor the disposal date
Does anybody have an idea of how this works?
Cheers
I sold some company shares last April, I got paid in USD and I cannot figure out what exchange rate applies to pay the CGT
According to Revenue's CGT1 Guide to Capital Gains Tax " Where disposals are made in foreign currencies the cost of disposal proceeds should be converted to Euro at the date of disposal" .
But i rang revenue.ie, and they gave me a fixed figure for the whole month of March, which more or less corresponds to the minimum of the month. That rate is obviously not the average of the month of march nor the disposal date
Does anybody have an idea of how this works?
Cheers