Totting up losses on AIB investment after bank buys back my shares

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Aib Notícia

Revenue-Commissioners,Capital-Gains-Tax-Cgt

Investors in AIB have waved goodbye to thousands of euro but, unless they have accurate records, they may never be able to use those losses against other capital gains

The €5.65 per AIB share offer – a 5 per cent premium to the market price – was simply the final insult in an investment that has proven catastrophic over the past 14 years. Photograph: Aidan Crawley/Bloomberg

Even then, Revenue requires you to hold on to record for six years after the year the tax return relates to. Back in 2015, the bank organised a share consolidation which saw every shareholder receive one new share for every 250 they owned at the time. So your 13 shares would originally have been 3,250 shares in the bank.

Multiply that figure by 13 to get the value of your shareholding at various points along the way. At peak, your holding would have been worth not far short of €78,000. No one should get rid of their records until they have entirely divested of stocks in particular companies – or other investments – and squared things up with Revenue

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