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CGT liability on shares

  • 08-10-2024 2:22pm
    #1
    voodoo
    Registered Users, Registered Users 2 Posts: 786 ✭✭✭


    hi there, I bought a bunch of different shares over the years - some performing well and some terribly. I haven’t sold any yet so no CGT requirements just yet. I am however contemplating selling some of the shares that have completely bombed (some at a loss of 80-90%) just to cut losses. Is there any way I can recoup and loss from those? I also have RSUs from employment that I sold some of early this year so due to pay a small CGT on - wondering 8f there is a way of writing one off against the other?



Comments

  • #2
    SureYWouldntYa
    Registered Users, Registered Users 2 Posts: 7,799 ✭✭✭SureYWouldntYa


    Yes you can offset a capital loss on one item against a capital gain on another, so long as they're both subject to CGT

    You're actually better off realising all potential losses in advance of a gain, or at least ensure to do so in the same tax period. This is because losses can be offset in the current year or carried forward for offset in future years, but cannot be carried backwards so you always want losses before you have gains



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