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Can I offset loss on shares I bought in 2010 but have sold off in 2011?

safeguard · 2011-01-29 16:22:15

I bought some shares in a Bank in 2009-2010. They are now currently valued at less than 1/5th of their original value when I purchased them. If I sell them now, can I offset the loss on my tax return for 2009-2010?

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Comments

BoGoF Posts: 7,098 Forumite

30 January 2011 at 1:24PM

You can claim business related expenditure.

A loan to a mate isn't that.

In all honesty you maybe need to get professional advice before you get yourself in bother.

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