how to calculate capital gains tax

[davidp]

Hello,

If you made a loss in selling shares and use that money to buy more shares. Can i deduct that loss when paying cgt.

thanks for your help

eg

Company A ( loss 2,000)

buy :1000 shares at 2 euro
buy : 500 shares at 1.5 euro
Sell : 1500 share at 0.5 euro

Company B (profit 6750)

Buy : 1500 shares at 0.5 euro
Sell : 1500 shares at 5 euro

cgt= 6750-2000-1270= 3180
25% of 3180 = 795 euro
cgt =795

 

[asdfg]

Yes don't forget to deduct all exps in relation to the sale and purchaes incl the annual fee most brokers change for having an account

Before you sell you could transfer half the shares to your spouse (if married- no cost involved afaia) or enough to show a profit of 1270 in order to avail of the additional CGT allowance of 1270