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Skipping year(s) for CGT carried losses?

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  • 30-11-2022 11:08am
    #1
    stainluss
    Registered Users Posts: 864 ✭✭✭


    eg if I’m carrying losses from 2019 but am then tax resident elsewhere for 2020 (foreign work contract) but am them tax resident again for 2021 or 2022, can I carry the 2019 losses over for CGT purposes?

    And if this is possible is there a limit on years that can be skipped?

    Tried to call the revenue helpline but so busy they didn’t even let me queue 😂

    Thanks



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    #2
    stainluss
    Registered Users Posts: 864 ✭✭✭stainluss


    Bump, anyone know?



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    #3
    plhealy2000
    Registered Users Posts: 89 ✭✭plhealy2000


    Unused losses would be available in future years. There is no limit on when they can be used.

    The residency point is more complicated as you would at least be ordinarily resident and probably resident in 2020 so cgt would still likely apply to any disposal in 2020.


    Speak to an accountant to be sure.



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    #4
    stainluss
    Registered Users Posts: 864 ✭✭✭stainluss


    Thanks @plhealy2000, no I was actually asking if that losses wouldn’t be “cleared” if I spent an arbitrary amount of time in the middle as non-resident.

    Sounds like it wouldn’t?



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