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Question - CGT

DeanAustin · 2025-10-03 16:07:16

Question - I'm looking for some general guidance but realise I'll probably need an accountant to navigate the process. I invested in a company that went bankrupt last year (2024). This year, I've sold another asset and have a CGT liability as a result. My question is, is it possible to use the loss last year to offset…

03-10-2025 05:07PM

#1

DeanAustin

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Question - I'm looking for some general guidance but realise I'll probably need an accountant to navigate the process.
I invested in a company that went bankrupt last year (2024). This year, I've sold another asset and have a CGT liability as a result. My question is, is it possible to use the loss last year to offset some/all of the tax liability I've incurred this year?
I realise that if it's possible in theory, there is a negligible loss application I have to make to Revenue but I guess the question is, in the above scenario might it be possible to claim tax relief?

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Comments

#2 03-10-2025 10:44PM

Geuze

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A capital loss can be carried forward and offset against a later capital gain.

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