Capital Gains Tax 2009 - interaction of different rates

H

Homer

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I sold some shares at a profit prior to the 7 April 2009 supplementary budget and some other shares at a loss after that date.

If the later sale had been at a profit, I would have been liable for 25% CGT.

However, I presume I am liable to CGT at 22% on the total net gain less my annual exemption.

Can anyone confirm this? I have gone through the Revenue website and it does not seem to be specifically covered.

Regards
Homer
 
Last edited:
Sorry, typo in my original mail.

First lot of shares were sold at a profit, second lot at a loss. Overall, I have a gain in excess of the annual threshold.

Regards
Homer
 
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