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Claim back capital losses on investments?

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j19
j19 Posts: 69 Forumite
edited 3 February 2012 at 11:53AM in Cutting tax
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Comments

  • RayWolfe
    RayWolfe Posts: 3,045 Forumite
    1,000 Posts Combo Breaker
    Not unless you are in business as a share trader.
  • Myrmidon_J
    Myrmidon_J Posts: 287 Forumite
    No.

    You can offset capital losses against capital gains (for example, the sale of shares for a profit) - but not income.

    At least, that is my understanding!

    (Remember, you also have an annual capital gains tax allowance.)
    For the avoidance of doubt: I work for an IFA.
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