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Off setting capital losses
Bumpy48
Posts: 6 Forumite
in Cutting tax
Is this correct?
If a capital loss on shares is made and the Inland Revenue are informed withing 5 years and 10 months of the end of that financial year, then the loss can be offset agains a capital gain indefinitely.
If a capital loss on shares is made and the Inland Revenue are informed withing 5 years and 10 months of the end of that financial year, then the loss can be offset agains a capital gain indefinitely.
0
Comments
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Yes at the moment, but don't forget that the Govt can change the rules so there's no guarantee that the present rules will apply for the future.0
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