Accounts

Accounts board - Oliver Niland Chartered Accountant & Tax Specialist Galway Ireland

Tax Returns

Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

Start up/ New Business

Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

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

 

© 2024 Oliver Niland & Co – Chartered Accountant and Tax Specialists | Powered by Outstandingthemes