Re CRH Rights Issue March 09. I did not take up this offer and was subsequently sent a cheque for approx 2,000 euro proceeds of sale. Is this taxed as CGT or normal tax? If CGT, can I offset it against a loss carried over from 2007? Do I deduct 1,270 as the exemption first? Also, do I need to return anything to tax man before October 2010?
PS - sorry, just read all the way through that link. Looks like a disposal all right. Doh! I reported it as a dividend. Must get on to Revenue and get some cash back!
Thank you for your help. Is it necessary to return details before October 2010, as I will still be carrying forward a loss from 2007? Under these circumstances is it definitely ok to take 1270 off the 2000 before setting against larger loss from 07?