Bernard Durkan (Kildare North, Fine Gael)
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102. To ask the Minister for Finance the extent to which a pensioner is liable for income tax on foot of shares sold to the value of €8,000, given that the shares were purchased intermittently over the past number of years; and if he will make a statement on the matter. [1799/16]

Michael Noonan (Limerick City, Fine Gael)
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The sale of shares generally gives rise to a capital gains tax liability rather than an income tax liability. An Information Leaflet entitled "Guide to Capital Gains Tax" is available on the Revenue website at .

If the individual concerned requires further information relating to the calculation of his or her capital gains tax liability, that individual should contact the tax district dealing with his or her tax affairs, with details regarding the various dates and costs of acquisitions, as well as the date(s) and proceeds of sale(s).