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Capital Gains Tax question

loolloo78 · 2012-09-01 09:49:38

Jane bought shares for €11,000 in the 2002 tax year, plus acquisition costs of 3%. She sells these shares in 2011 for €23,000 less disposal costs of 2%. What is Jane's chargeable gain for Capital Gains Tax purposes in relation to his sale of these shares in 2011? i keep coming up with the wrong answer on this one can…

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01-09-2012 10:49am

#1

loolloo78

Registered Users Posts: 20 ✭

Join Date: December 2009

Posts: 13

Jane bought shares for €11,000 in the 2002 tax year, plus acquisition costs of 3%. She sells these shares in 2011 for €23,000 less disposal costs of 2%. What is Jane's chargeable gain for Capital Gains Tax purposes in relation to his sale of these shares in 2011?

i keep coming up with the wrong answer on this one can anyone explain how to calculate it?

Thanks a mill

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#2 01-09-2012 11:23am
loolloo78

Registered Users Posts: 20 ✭

Join Date: December 2009

Posts: 13

Richard is a higher rate taxpayer who owns shares in AN Co Ltd. He receives a dividend from them amounting to €680. How much additional Income Tax, if any, will Richard owe?

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#3 01-09-2012 12:39pm
tony81

Closed Accounts Posts: 595 ✭✭✭

Join Date: February 2012

Posts: 568

Why don't you show us your workings and expected answer and we'll tell you where you went wrong.

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#4 01-09-2012 1:12pm
BuffyBot

Registered Users Posts: 24,924 ✭✭✭✭

Join Date: February 2002

Posts: 23571

Grade F:

* Posting homework for others to do
* Posting taxation questions in a Banking/Insurance/Pensions forum

Must try harder.

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