I assumed when a stock splits no CGT is due. However I've seen a Degiro account where a the stock split was shown as a sale of one share and a purchase of five shares. The matching annual statement treats the share sale as a taxable gain - is this a mistake by Degiro or was my understanding wrong?
(3) Subject to subsections (4) to (8), a reorganisation or reduction of a company's share capital shall not be treated as involving any disposal of the original shares or any acquisition of the new holding or any part of it; but the original shares (taken as a single asset) and the new holding (taken as a single asset) shall be treated as the same asset acquired as the original shares were acquired.
The electronic Irish Statute Book (eISB) comprises the Acts of the Oireachtas (Parliament), Statutory Instruments, Legislation Directory, Constitution and a limited number of pre-1922 Acts.