Martin O’Sullivan: Cashing out – what are the main tax consequences of disposing of shares?
Whether by way of sale or gift, the disposal of shares can be painful when it comes to CGT, but you may also offset shares and past losses
Many farmers, particularly those in the Glanbia and Kerry co-op regions, may have accumulated a substantial shareholding over the years in the form of patronage shares received from trading with their co-op. Photo: Getty
Many farmers are in the lucky position to possess shares, whether that be shares in their co-op, shares in a public limited company (PLC) that sprang from their co-op, shares in FBD, or simply shares that they inherited.
It’s seldom a week goes by that I don’t have a query about the tax implications of selling or transferring such shares.
