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Sale of shares – CGT implications

Sale of shares – CGT implications

Capital Gains Consideration on sale of shares

The rule is where an individual sells shares in a company and makes a gain, this gain is subject to Capital Gains Tax (CGT) at the prevailing rate (currently 33%).

However, when a company sells shares in a subsidiary company (Trading Company) and realises a gain, this gain is generally tax free.

Various Conditions apply and the shares must have been owned for more than a year.

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie

 

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