If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Loss on shares

Tricky1979 · 2010-11-01 19:15:27

I'm a PAYE individual. If I have a paper loss on shares at the end of 2010 on shares that I bought in 2010 can I net the loss against tax paid during 2010 - perhaps be due a tax refund? Thanks Tricky

01-11-2010 7:15pm

#1

Tricky1979

Registered Users, Registered Users 2 Posts: 142 ✭✭

Join Date: August 2010

Posts: 125

I'm a PAYE individual. If I have a paper loss on shares at the end of 2010 on shares that I bought in 2010 can I net the loss against tax paid during 2010 - perhaps be due a tax refund?

Thanks
Tricky

0

Comments

#2 02-11-2010 11:06am

sawilson2003

Registered Users, Registered Users 2 Posts: 37 ✭

Join Date: February 2008

Posts: 37

If you didnt dispose of the shares there is no loss in terms of Capital Gains Tax

0
#3 02-11-2010 1:48pm

nompere

Registered Users, Registered Users 2 Posts: 1,678 ✭✭✭

Join Date: December 2006

Posts: 1647

And even if you do sell them and make a real loss you cannot set that loss against income; only against capital gains of this year or future years.

0