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

CGT and losses

mickman · 2013-10-12 09:54:47

Hi everyone Does anyone know if you can write off a loss against CGT into the future or does it have to be done in same calendar year ? e.g. if i sold shares now at a loss and sold more in 2 years time at a gain, can i use this years loss against the CGT in 2 years time ? Thanks

12-10-2013 9:54am

#1

mickman

Closed Accounts Posts: 4,661 ✭✭✭

Join Date: March 2009

Posts: 4443

Hi everyone

Does anyone know if you can write off a loss against CGT into the future or does it have to be done in same calendar year ?

e.g. if i sold shares now at a loss and sold more in 2 years time at a gain, can i use this years loss against the CGT in 2 years time ?

Thanks

0

Comments

#2 12-10-2013 6:53pm

alanceltic

Registered Users, Registered Users 2 Posts: 790 ✭✭✭

Join Date: November 2004

Posts: 743

Absolutely, you can carry forward CGT losses on an indefinate basis until you have profits to offset against. You cant carry them backwards thou! ie file a tax return for 2012 and offset losses crystallised in 2013

0
#3 16-10-2013 3:40pm

mickman

Closed Accounts Posts: 4,661 ✭✭✭

Join Date: March 2009

Posts: 4443

thanks

0
#4 16-10-2013 5:41pm

euroboom13

Registered Users, Registered Users 2 Posts: 650 ✭✭✭

Join Date: May 2012

Posts: 640

Double check!!

not sure 100% but i heard it is important to registor the capitol loss or it dosent carry (within tax period),but if it is registor it will carry for 10yrs.

0