Tax calculation for Shares payment!

O

OAPTax

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I received a share payment this month from a previous employment and I’d like to get confirmation that my assessment of my tax liability is correct.

The total amount received was €6817

€4661 of this subject to CGT

€2695 is subject to DWT

CGT - €4661
There is a CGT tax-free allowance of €1270 a year so this reduces my liability to €3391. CGT tax is calculated at 33% so my total liability on this portion is €1119. This sum must be paid within 30 days of receiving the funds.

DWT - €2695
Income tax at 20% applies here if the income from my pension and this payment falls below €35,000 for the year. Total tax liability is €539. Tax must be paid for that tax year.

Does USC apply to either of these?

Thanks!
 
Hi, I would really appreciate it if someone could have a look at the above and let me know if it looks accurate! Thanks!
 
Without further details it is not possible to comment on the split between CGT and DWT nor on any calculation of the CGT and DWT

The CGT must be paid by Dec 15th 2018

The DWT will depend on your overall tax position - without more information it is not possible to give a definitive answer.
You will have to file a Form 11 or Form 12.
I suspect that any tax due will need to be paid by Oct 31 2019 but that depends...
 
Thank you.
The only other income for the year (outside public pension) is a private pension which has a total value of approx €10,500 PA.
 
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