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CGT losses to offset

Selik · 2011-12-02 02:54:46

I have huge losses from previous years (2006 to date)) which I wish to offset against gains for 2011 (as things currently stand). I never declared these losses (is it even necessary?) so how would I be able to prove them to Revenue. I have some paper records but not much and I did all my trading through a nominee account…

02-12-2011 2:54am

#1

Selik

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

Join Date: January 2003

Posts: 1507

I have huge losses from previous years (2006 to date)) which I wish to offset against gains for 2011 (as things currently stand). I never declared these losses (is it even necessary?) so how would I be able to prove them to Revenue.

I have some paper records but not much and I did all my trading through a nominee account (the broker isn't in business anymore).

I made a tax return of profits for the years 2004-2007 in 2008 - well, I sent Revenue a cheque with my calculations enclosed and they were happy with this. Other than that I have had no dealings with them whatsoever over my investments.

Any help greatly appreciated.

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