Form 11 capital gains

Mr Cawley

I disposed of shares at a loss.

This will be my first return.

Can I just fill out the 'net loss' box and post it off?

Responses wanted,

Regards

barneystinson

Mr Cawley wrote: »

I disposed of shares at a loss.

This will be my first return.

Can I just fill out the 'net loss' box and post it off?

Responses wanted,

Regards

Firstly, when did you sell the shares - I presume 2010, since if it's a 2011 disposal at a loss, no return needs to be made yet.

Next matter, are you required to complete a form 11?

If you're just an ordinary PAYE taxpayer then you only need to complete a form CG1: http://www.revenue.ie/en/tax/cgt/forms/formcg1.pdf

blast06

Hi,

A related question....
I closed the sale of a house in Feb 2010 at a significant loss. How long can i carry the capital loss forward to use to offset current and future CGT liabilities from profits of share sales ?

Also, if anyone know .... when calculating the capital loss from the house sale, can i include solicitors fees in the cost of purchase and deduct solicitors fees and auctioneers fees from sale price to determine total capital loss ?

Thanks.

Mongarra

Nothing to add re loss on shares except if there is a loss, regardless of which year, there will be no liability to pay anyway so post re payment date(s) is unnecessary.

On property question, you are not allowed ask questions on this nor are replies allowed in the charter. See an accountant/tax consultant.

george507

You can carry the loss indefinitely, except you acquire another property within certain period of disposal.