Stock Options - Awarded in Ireland, exercised abroad

[rbcrbcrbcrbc]

Hello,

I moved out of Ireland a few years ago. Now... I was awarded some stock options when living there. Some vested while I was in Ireland, some vested while I was abroad, sold them all while living abroad.

Now, how do I compute Irish taxes?

Now I have a few combinations:

vested in Ireland - exercised abroad

Here I payed some taxes when they vested, I believe. When exercising, do I have to pay Capital Gain Taxes in Ireland? yes? How do I compute how much?

vested abroad - exercised abroad

Here I believe I did not pay any Irish tax when they vested. When exercising, do I have to pay CGT in Irealnd? How do I compute how much?

And one more question.. Do I own anything for the stocks that I was awarded in Ireland, vested abroad, and did not sell yet?

Thanks!!

 

[dublin66]

There are two separate issues here - exercise of stock options and disposal of shares. Former is an income tax event and latter is capital gains tax.

In respect of the share options you will be liable to tax in Ireland on the proportion of the gain that relates to the time you spent in Ireland during the vesting period. For example if you worked in Ireland for two years of a four year vesting period then 50% of the profit on exercise would be taxable in Ireland and so on. The profit on exercise is the value of the stock as date of exercise less any amount, if any, that you paid to exercise the share.

Income tax at 52% is payable within 30 days of exercise using a Form RTSO1 which is available on the Revenue website (www.revenue.ie). A lower rate of tax can be payable with Revenue consent and this information is on the Revenue website. You will also be required to file a Form 11 tax return for the year in which the options were exercised.

As regards capital gains tax this is dependent on where you were resident when you sold the shares.