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Offsetting losses against profits when selling shares

BarraOG · 2021-12-22 13:09:37

I have a number of shares that I have made a loss on. I was thinking of selling them before the end of this year and then offsetting this by selling shares that I have made a profit on so that the total loss for shares 1 is greater or equals the total profit for shares 2. I will then buy more shares with the money I have…

22-12-2021 1:09pm

#1

BarraOG

Registered Users, Registered Users 2 Posts: 370 ✭✭

Join Date: December 2011

Posts: 194

I have a number of shares that I have made a loss on. I was thinking of selling them before the end of this year and then offsetting this by selling shares that I have made a profit on so that the total loss for shares 1 is greater or equals the total profit for shares 2. I will then buy more shares with the money I have after selling the shares. If I do this, do I have to declare anything to the tax man?

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