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Selling Irish Life & Permanent shares queries

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  • 26-05-2007 11:21pm
    #1
    chuckles30
    Registered Users Posts: 1,380 ✭✭✭


    My mother has some Irish Life & Permanent shares that she got free when they originally floated. She's now asking about selling them and I know nothing about it really. How would she go about selling them? Who would she need to get in touch with? Also, I presume as she got them free, she would be liable for Capital Gains tax on all proceeds??? How much is that?

    I'm not sure if this is the right forum for this query, so let me know if you think it should be somewhere else.

    Thanks in advance for any help..........


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    #2
    Thomas_S_Hunterson
    Closed Accounts Posts: 6,151 ✭✭✭Thomas_S_Hunterson


    Capital gains is a flat 20%, although you would have to seek advicewith regard to what exactly you are liable for tax on. As ffar as I know, it is the difference betweenthe value of the asset when purchased and the value when sold,but because they were free, it's probably more complex.


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    #3
    A Random Walk
    Closed Accounts Posts: 346 ✭✭A Random Walk


    chuckles30 wrote:
    How would she go about selling them? Who would she need to get in touch with?
    Any stockbroker or bank should be able to sell them, but shop around and look for the best fee. I'm not sure whether IL&P put in place any discounted mechanism for shareholders to sell through them, it might be worthwhile giving them a ring.


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    #4
    Bluetonic
    Registered Users Posts: 7,588 ✭✭✭Bluetonic


    Did you look here?

    http://www.irishlifepermanent.ie/ipm/shareholders/faqs/#faq13

    Also to take advantage of the CGT relief your mother may wish to sell some each year for the next few years and as a result sell them tax free.


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