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Selling Shares & CGT

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  • 08-07-2015 12:11pm
    #1
    BarneyMc
    Registered Users Posts: 1,504 ✭✭✭


    I've 2 batches of shares maturing soon but can sell one batch now and the other batch in January 2016. If I do this then will I be able to claim the CGT exemption of €1,270 on each?
    Tagged:


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    #2
    Atlantic Dawn
    Registered Users Posts: 82,536 ✭✭✭✭Atlantic Dawn
    M


    Yes, assuming you have not used the €1270 anywhere else, if you are married you can use your partners allowance too.


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    #3
    shuyin1
    Registered Users Posts: 369 ✭✭shuyin1


    Yes- it's an annual exemption


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    #4
    BarneyMc
    Registered Users Posts: 1,504 ✭✭✭BarneyMc


    Thanks guys, so it's €2,540 (I'm married) exemption each calendar year for any shares I sell?


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    #5
    Eugene Norman
    Closed Accounts Posts: 5,191 ✭✭✭Eugene Norman


    BarneyMc wrote: »
    Thanks guys, so it's €2,540 (I'm married) exemption each calendar year for any shares I sell?

    For the gains you make. Not the price.


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    #6
    BarneyMc
    Registered Users Posts: 1,504 ✭✭✭BarneyMc


    Eugene Norman wrote: »
    For the gains you make. Not the price.

    Yes, understood. Thanks.


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    #7
    adrianw
    Registered Users Posts: 236 ✭✭adrianw


    Atlantic Dawn wrote: »
    Yes, assuming you have not used the €1270 anywhere else, if you are married you can use your partners allowance too.

    Are you sure about that the annual exemption can be transferred between spouses? I do not believe it can be.

    Thanks.


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    #8
    shuyin1
    Registered Users Posts: 369 ✭✭shuyin1


    adrianw wrote: »
    Are you sure about that the annual exemption can be transferred between spouses? I do not believe it can be.

    Thanks.
    You're correct, gift to wife to bypass maybe (no gain no loss), no CAT. Use 1270 exemption that way.


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    #9
    BarneyMc
    Registered Users Posts: 1,504 ✭✭✭BarneyMc


    shuyin1 wrote: »
    You're correct, gift to wife to bypass maybe (no gain no loss), no CAT. Use 1270 exemption that way.

    Am I right in saying then that I can sell all my shares now, take €1,270 for myself and gift the rest to my wife (threshold is €15,075) in any calendar year? I'm looking here for this info.


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