Tax on Stock Options

[MConnolly]

If I sell company shares, I am taxed on any gain at 33% is that the correct rate?

This tax is treated separate to income tax, so it doesn't matter what I'm earning, it will always be the CGT rate of tax?

Thanks,

Mary.

 

[Conan]

My understanding is that if you sell stock options the total sale value is treated as income in the year you exercise the options, so Income Tax plus USC.
However if you bought the shares and subsequently sell them at a profit then it’s CGT at 33%(but the first €1,270 in any year is tax free).

 

[Gordon Gekko]

Say your exercise price is zero and the market value of the shares at that time is €100; you pay income tax, PRSI, and USC on €100. Then if you sell the shares for, say, €200, you pay CGT on the €100 gain. The €1,270 allowance is obviously available in that regard.