Taxation in Ireland on investments, year end planning

GambleIreland · 13-12-2023 05:37AM #1

How long can the losses from selling stocks be deducted? When do they expire, I have losses this year, I can carry over for next year?

Any other kind year end taxation planning for stocks/investments that is good to do in Ireland?

Do I need to report all my stock trades from DeGiro to Revenue or when I should report.

Thanks!

Peregrinus · 13-12-2023 07:06AM

Capital losses never expire; you can carry them forward indefinitely from year to year, but you can't carry them back to previous years.

They can only be offset against capital gains; you can't use them to reduce your liability to income tax.

You do need to report your gains and losses to the Revenue each year, even if they don't result in any CGT liability (e.g. because they are losses). The deadline for making a CGT return for any year is 31 October in the following year.

SharkMX · 13-12-2023 08:37AM

Payments for CGs are due on 15th December and 31st Jan.

Make sure you use up all of your allowance every year on gains.

GambleIreland · 14-12-2023 10:51PM

https://www.boards.ie/discussion/comment/121489573#Comment_121489573

Thanks guys. Could not figure, why we have 2 different dates and what is the difference

Peregrinus · 15-12-2023 02:32AM

https://www.boards.ie/discussion/comment/121496772#Comment_121496772

The due date for payment depends on the date on which the gain accrued (i.e. the date on which you disposed of the asset).

If you dispose of an asset on any date between 1 January and 30 November, any CGT payable is due by 15 December in the same year.

If you dispose of an asset on any date between 1 December and 31 December, then any CGT payable is due by 31 January in the next year.

Taxation in Ireland on investments, year end planning

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