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Can I claim any loss for deferred tax,exchange rate change for the worst

castle · 2010-04-20 11:33:30

I defered payment on stock options 7 years back and I am now about to pay the defered tax in the next few week, These where American shares so shares in dollars,now the tax owed back in 2001 was calcalutaed into euro by Irish revenue as it should be. Now I was wondering due to these particular share actually dropping in…

20-04-2010 11:33am

#1

castle

Registered Users, Registered Users 2 Posts: 497 ✭✭

Join Date: April 2006

Posts: 286

I defered payment on stock options 7 years back and I am now about to pay the defered tax in the next few week, These where American shares so shares in dollars,now the tax owed back in 2001 was calcalutaed into euro by Irish revenue as it should be. Now I was wondering due to these particular share actually dropping in value now from 2001 and also the dollar having lost about 30-40% in value since 2001.Is there any loss I can claim for , quick summary below.

2001 shares worth 20K $ tax due $9,600 -euro 8352 roughly, now that 8352 euro is $11,240

so tax owed is more per dollar, so I lose out , just wondering is there any way I could claim for loss,
Could you recommend someone that may deal in this type of thing, cheers

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