Taxes on employee stock sale

T

tronman

Registered User
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Hi,

I received shares through my work which I'm looking to sell.

I know very little about stocks and shares. Basically what I'm trying to understand is if the sale value is €5,400 what tax(es) would I need to pay on that and how much?

Thanks
 
I probably depends on how long you held the shares.
After a few years you probably owe no tax.
You would need to contact the experts at your work place.
 
The general rule is that if you were given the shares prior to 1 January 2011 then any income tax liabilty arising on the shares should have been paid by you with your tax return for the year that you got the shares. If you got the shares on or after 1 January 2011 your employer should have calculated PAYE/PRSI and USC on the value of the shares and deducted them from your salary.

For share options income tax is due within 30 days of exercise provided the share options are not capable of being exercised more than 7 years after grant. Income tax is payable directly to the Revenue on form RSTO1. Where options are capable of being exercised more than 7 years after grant income tax can arise on grant and on exercise.

Different rules apply to APSS, SAYE, restricted shares, convertible shares and lot of other variants. Agree with poster above - ask at work.
 
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