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Tax Relief on capital gains

  • 10-12-2018 11:41pm
    #1
    YeAh!
    Registered Users, Registered Users 2 Posts: 443 ✭✭


    Im filling out CG1 for shares sold this year.
    My capital gains is €2,912, less exemption of €1,270 is €1,642, tax @33% gives me a bill of €541.86.
    If I put my partner as joint owner of these shares, would I also be able apply his exemption of €1,270 to reduce my tax bill further if selling shares next year?


Comments

  • #2
    Happy4all
    Closed Accounts Posts: 2,089 ✭✭✭Happy4all


    YeAh! wrote: »
    Im filling out CG1 for shares sold this year.
    My capital gains is €2,912, less exemption of €1,270 is €1,642, tax @33% gives me a bill of €541.86.
    If I put my partner as joint owner of these shares, would I also be able apply his exemption of €1,270 to reduce my tax bill further if selling shares next year?

    Shares certificates usually in one name, so no on that basis.


  • #3
    YeAh!
    Registered Users, Registered Users 2 Posts: 443 ✭✭YeAh!


    Happy4all wrote: »
    Shares certificates usually in one name, so no on that basis.
    Thanks for the response


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