first active capital gains tax

  • Thread starter inexperienced shareholder
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inexperienced shareholder

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I have just received a notice from the Tax office regarding capital gains tax on first active shares. These are the free shares and loyalty shares and I am told I have to pay over 400 euro in tax before 31 Oct.

The payment from First active was made to me in February. Is it correct that a payment received in 2004 is now due at this time?

I have no other gains or losses but a few years ago I lost on the Eircom shares.

Would someone be able to let me know if I have to pay by 31 Oct the above amount and 2. can I claim the lost from the eircom shares and if so how?

thank you
 
For the FA takeover payment your CGT payment is due by October 31st 2004 and your full return is due by sometime next year. Probably simplest to pay and file at the same time. Note that eircom losses must be offsrt against the 2003 FA capital repayment first which, in many cases, leaves little or nothing to be offset against the 2004 takeover payment. See these topics (and those linked) for more info:
 
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