How to Avoid Paying Capital Gains Tax on Stocks - Ireland

Everything you need to know about Capital Gains Tax in Ireland can be found on the Revenue website. See the link below:

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The Capital Gains Tax rate in Ireland is 33% at the moment.

33% of any gains you make on your investments is a sizeable amount to be paying to the government.

There is a way to try and minimise this by using the Bed & Breakfast sale strategy.

This strategy fully utilises the your annual exemption of €1,270 every year. This exemption cannot be accumulated so if you do not use it in the year then you will lose it.

You can fully utilise it by selling some of your stocks that are currently adding up to a cumulative gain of €1,270 and then repurchasing them immediately if you want to keep invested in the stocks long term.

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[walterdunphy]

FREE CGT Guide with completed form that might be useful

[petesomers]

A video on how to file with revenue would be great 👍🏻

[walterdunphy]

Sorry forgot to mention you have to wait 30 days technically after you sell before you can repurchase

[jtnffyw]

Walter, you are a gem to learn about Irish finance world. Would you please expand where to buy stock what to avoid, etc. Thank you so much

[basichistory]

Great video. I didn't know you have to file a return to Revenue when you sell shares even if you didn't have to pay Capital Gains Tax. I would love to see a video on how to file a return.

[CrypticJezuz]

Thanks for sharing. Low effort trick to save a few quid. Probably best be aware of the timing of any dividend payments on any stocks you sell to make sure you’re not missing out

[tonygrimes]

I know In the us you can pay almost no income tax, by getting to write of cars as business expenses, and buy real estate as depreciation etc and obviously we get no benefit from holding our assets for 12 months +, we get like 1200 euro relief which is useless if we’re making 6 figures.

I’ve started investing in stocks seriously past year, I’m probably going to just go to Dubai get a residencey card for less than 12 months and just apply for a free lancing consultancy business you don’t even need to be making any revenue, and you can stay there as self employed for very little like 2-3k or so, and you’re paying 5% tax.

Helps a lot if you’re making 6 figures avoid getting butchered here.

[irishwealth]

Great video! The info out there about cgt is really lacking in Ireland! Nice to see good info being shared!

[leroyfds]

Respect to your Great effort and hard work you put in to explain these stuff. Cheers

[checkavailability.]

Just moved back to Ireland from Canada. The Canadian government gives any permanent resident a tax free savings account. Basically you can put in X amount each year, it changes yearly approx. $5-7k, and invest however you want and it's tax free. So do this over 30 years or so with compounding and you have a nice little nest egg. You would think the Irish government could do something like this?!

[DoMnIsOaRao]

Omg finally ! so glad to have found your channel ! 🇮🇪

[Karnage]

You’re some legend bai, cheers for the tips

[MrCameronM]

Do you not have to wait 30 days before buying the stock back?

[carlosf.]

"next day" some people say it is better to wait around 28 days after selling before buying it again

[lunacresentmoon]

I'm confused how does selling all your stock on the last day of tax year and buying it back the next day help you avoid capital gains tax. No matter what day you sell you still earned money selling your stocks which counts as capital gained and income.

[bilbobaggins]

Another great video would be comparing an etf with deemed disposal against stocks that act like an investment fund (uk investment trusts and Berkshire Hathaway for example).

[Rosetrell]

Just a few questions -

1. Do you have to declare your gains to revenue if it’s less than €1, 270?
2. Do you have to file a CGT return form if your gain is less than €1, 270?

[jojoc]

Would I be able to do this Bed and breakfast strategy on property development?!

[frumofor]

Can u make a video on producing invoices

[conorduffy]

Great video, quick question as drivewealth/revolut is a brokerage that requires us to use Dollars, would we have to go back and calculate the exchange rate on each sell we make on a particular date and change it to euro on that given day or can we get the overall liable tax bill in dollars and change it to euro ?