RSU Form 12

Techhead

Registered User
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159
Brendan,

Can I ask a quick question regarding reporting of tax for RSU.

I receive RSU from my company and the tax is paid by my company.

Do I have to declare this anywhere else on form 12(online)?

It should already be listed under my main income tax when I file online(I presume)

Second question(Beg indulgence...:) )

If I set one particular batch of RSU as "Sell to cover"....Example RSU granted 2000e.
Sold 1000e to cover taxes.
Remaining 1000e sold five days later.

Do I just register the loss/gain on the 1000e as if I had normal shares?

If there is a gain/loss how do I calc?.... Vest price - Sale price? or price after sell to cover - sale price?
 
No, you don't have to declare RSUs on your tax return as, you indicate, the tax is already paid.

You will have a CGT liability/gain depending on whether you made a gain/loss on the sale of your remaining shares. Your purchase price will be the Euro value of the shares at vesting date (this is what your PAYE was calculated on) and your sale price will be the Euro value of what you sold the shares for at date of sale.
 
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