hi,
Can any one advise me on the sale of US Multinational Shares for CGT purposes.
I know there have been forums but can't get exact information, would appreciate any advice
I worked in the US for 10 years and returned to Ireland 5 years ago, and working for the same US Multinational. While living in the US I had a share account with Charles Schwab. This remains in place, with approx $100K in shares.
I also have an Irish Broker account with shares in the same US Multinational.
I want to sell some shares in order to diversify as I all my assets are in shares.
Should I sell the US shares first? I was advised that even if I sell the Irish shares, the CGT will be calculated on my oldest shares, i.e the US ones? So if I sell Irish shares now, calculate the CGT using the cost base of the oldest shares ( In US) what happens down the line when I actually sell the US Shares, and how would the gain be calculate then?
In summary I need know the most tax efficient way to sell some shares in order to diversify .
Thanks in advance for any advice.
Can any one advise me on the sale of US Multinational Shares for CGT purposes.
I know there have been forums but can't get exact information, would appreciate any advice
I worked in the US for 10 years and returned to Ireland 5 years ago, and working for the same US Multinational. While living in the US I had a share account with Charles Schwab. This remains in place, with approx $100K in shares.
I also have an Irish Broker account with shares in the same US Multinational.
I want to sell some shares in order to diversify as I all my assets are in shares.
Should I sell the US shares first? I was advised that even if I sell the Irish shares, the CGT will be calculated on my oldest shares, i.e the US ones? So if I sell Irish shares now, calculate the CGT using the cost base of the oldest shares ( In US) what happens down the line when I actually sell the US Shares, and how would the gain be calculate then?
In summary I need know the most tax efficient way to sell some shares in order to diversify .
Thanks in advance for any advice.