Any help with my query below would be greatly appreciated.
In early 2005 I received shares (not options actual shares) from my company at a discounted price of €0.01 per share and revenue have agreed, with my employer, to a value per share at that date of €29. I have just sold these same shares for €104.
Am I right in thinking that I will owe PAYE @ 42% (my rate) on the difference between the purchase price and revenue assigned value (i.e. 29 - 0.01 = 28.99) and CGT on the gain (i.e. 104-29 = 75)? at 20%?
What about PRSI? Is it payable? Anything else I am missing?
When would the amounts be due to the Revenue? What forms do I complete?
Thanks a million for any help given.