Is stamp duty an allowable CGT expense?

H

Herbie

Registered User
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66
Hi,

I'm trying to calculate my CGT liability on some share disposals and am wondering am I correct in calculating my gain as the (selling price minus costs of sale) - (purchase price minus cost of purchase) where costs of purchase and sale consist of stockbroker's commission plus stamp duty. The Revenue CGT leaflet mentions costs of aquisition and disposal as allowable expenses but doesn't really say what is/isn't allowed. I assume that stockbrokers commission is an 'agent's fee' but is stamp duty allowable as an expense?


Thanks,

Herbie
 
Herbie said:
(selling price minus costs of sale) - (purchase price minus cost of purchase)
Click to expand...

Should that not be:

(selling price minus costs of sale) - (purchase price plus cost of purchase)

eg.
sold for €1000, with additional costs of €10
bought for €500, with additional costs of €10

amount is (€1000-€10) - (€500 + €10) = €990 - €510 = €480
 
Surely it should be

disposal price - acquisition price (indexed for inflation up to 2003 (?) if applicable) - allowable costs - annual CGT exemption if applicable?
 
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