Get IE RTSO1 2011

Opening the Form 11 Login to ROS, then click on the “Complete a Form On-line” under the “File A Return” heading. Select “Income Tax” from the tax type dropdown box, then select “Form 11” and click the “File Return” button. Select the period you wish to file from the dropdown menu and click “Next”.

Revenue advises that where a taxpayer is no longer a chargeable person, the taxpayer should cancel their Income Tax registration. This can be done online via ROS or by completing Form TRCN1 which is available on the Revenue website.

You are personally liable to pay tax on the profit you make from selling your RSUs and/or stock options. You pay Capital Gains (33%) on this profit.

If you sell shares (or any item of property) for a higher price than you originally paid for it, you are deemed to have made a capital gain. This capital gain is subject to a tax called Capital Gains Tax (CGT) – which is currently charged at a rate of 33% in Ireland.

The Income Tax and Universal Social Charge (USC) due on the exercise of a share option is known as Relevant Tax on Share Options (RTSO). You must calculate Income Tax and USC at the higher rate. You must also calculate Pay Related Social Insurance (PRSI) using the rate of the PRSI class applied to you for the tax year.

The RtSO1 form is the notice claiming the Right to Shared Ownership that tenants need to complete. From: Department for Levelling Up, Housing and Communities Published 22 December 2022.

You may be exempt from CGT If you dispose of a property you own that you lived in as your only or main residence. This relief may also apply if you dispose of a property that you provided for free to a widowed parent or incapacitated relative to use as their sole residence.

A share option is the right to buy a certain number of shares at a fixed price, sometime in the future, within a company. These shares are a benefit in kind (BIK). The value of the benefit is the market value of the shares at the date they were awarded.