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CGT Query

Triman111 · 2022-09-30 00:18:33

just another simple query. In 2022, I sold shares for 10,000e In 2017, I borught these for 9,000e. I incurred expenses during the sale for broker's fees of 250e, meaning the chargeable gain is 750e. I have losses to carry fwd from previous years of 2,000. Given that I have an annual CGT allowance of 1270, do I need to use…

30-09-2022 12:18am

#1

Triman111

Registered Users, Registered Users 2 Posts: 59 ✭✭

Join Date: November 2012

Posts: 44

just another simple query.

In 2022, I sold shares for 10,000e
In 2017, I borught these for 9,000e.
I incurred expenses during the sale for broker's fees of 250e, meaning the chargeable gain is 750e.
I have losses to carry fwd from previous years of 2,000. Given that I have an annual CGT allowance of 1270, do I need to use 750e of my losses from previous year or can I still carry forward the 2000e loss for subsequent years?

0

Comments

#2 30-09-2022 10:08am

Son Of Caba

Registered Users, Registered Users 2 Posts: 23 ✭

Join Date: August 2022

Posts: 21

You can still carry your €2,000 losses forward.

0
#3 30-09-2022 10:28am

crazyfool

Registered Users, Registered Users 2 Posts: 19 ✭

Join Date: May 2009

Posts: 14

You must offset your losses against your gain before using your annual exemption. See screenshot below from Revenue website.

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