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Loss on Shares / Rental income

  • 19-11-2012 9:23am
    #1
    handlemaster
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭


    What can loss on shares be written off against. I have shares in AIM , NYSE & Irish stock exchange which are basically worthless now. When I sell these what can I write the losses against ? Is it possible to put against rental income etc ?


Comments

  • #2
    kennyb3
    Registered Users, Registered Users 2 Posts: 6,724 ✭✭✭kennyb3


    handlemaster wrote: »
    What can loss on shares be written off against. I have shares in AIM , NYSE & Irish stock exchange which are basically worthless now. When I sell these what can I write the losses against ? Is it possible to put against rental income etc ?

    No - these losses are capital in nature. They can only be offset against other capital gains.


  • #3
    handlemaster
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭handlemaster


    kennyb3 wrote: »
    No - these losses are capital in nature. They can only be offset against other capital gains.


    Can I carry these capital losses forward ? I read somthing before that Aim London exchange shares cannot be used for this purpose


  • #4
    Pawwed Rig
    Moderators, Category Moderators, Home & Garden Moderators, Recreation & Hobbies Moderators Posts: 22,430 CMod ✭✭✭✭Pawwed Rig


    I can see no reason why you cannot carry these losses forward. I would be interested to read the article you are referring to regarding the AIM though


  • #5
    kennyb3
    Registered Users, Registered Users 2 Posts: 6,724 ✭✭✭kennyb3


    Pawwed Rig wrote: »
    I can see no reason why you cannot carry these losses forward. I would be interested to read the article you are referring to regarding the AIM though

    +1, to whats said above. Call forward until you realise a gain to offset them against.

    Haven't yet come across anyone with AIM shares to be honest.


  • #6
    handlemaster
    Registered Users, Registered Users 2 Posts: 6,003 ✭✭✭handlemaster


    kennyb3 wrote: »
    +1, to whats said above. Call forward until you realise a gain to offset them against.

    Haven't yet come across anyone with AIM shares to be honest.


    Free advise... stay well away : -)


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