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  • Ie Rtso1 2018

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O be used for the purpose of making a Relevant Tax on a Share Option Return and associated Universal Social Charge and PRSI payment to the Collector-General. The completed form should be forwarded, with the payment due, to the Collector-General at the address below. Relevant Tax on a Share Option must be paid not later than 30 days after the date on which the share option is exercised. METHODS OF PAYMENT You can make a payment using one of the following: 1. Cheque Cheque payments should be s.

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How to fill out the IE RTSO1 online

The IE RTSO1 form is essential for reporting relevant tax on share options, along with associated Universal Social Charge and Pay-Related Social Insurance payments. This guide provides step-by-step assistance to help you complete the form accurately and efficiently, catering to users with varying levels of experience in tax matters.

Follow the steps to complete the IE RTSO1 form successfully.

  1. Click the ‘Get Form’ button to access the IE RTSO1 form in an online editor.
  2. Enter your name in the designated field. Ensure that the name is spelled correctly and reflects the name as it appears on your legal documents.
  3. Provide your address in the specified area. Include your complete address to ensure accurate processing.
  4. Indicate your Personal Public Service Number (PPSN) in the corresponding field.
  5. Record the date on which the share option was exercised. Use the format DD/MM/YYYY.
  6. Input the total amount of gain made on the share option in whole euros only. Do not include cents.
  7. State your total liability for Relevant Tax on a Share Option, Universal Social Charge, and Pay-Related Social Insurance, also in whole euros only.
  8. Sign the form in the area provided to confirm that the information submitted is accurate and complete.
  9. After filling out all necessary sections, save your changes. You can then choose to download, print, or share the completed form as needed.

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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.

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.

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.

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.

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.

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.

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.

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”.

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IE RTSO1
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