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Trading Platforms and Tax Relief
Superhoopza
Posts: 605 Forumite
Pretty sure the answer is no but worth asking as I can't find a definitive answer on google.
If you have lost money on investments through trading platforms such as Etoro, Trading212 etc, can you claim any income tax relief on any of the losses?
If you have lost money on investments through trading platforms such as Etoro, Trading212 etc, can you claim any income tax relief on any of the losses?
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Comments
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Yes against capital gains made. Losses need to be reported to be allowable gainst future years gains.1
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Yes you can offset them against future gains (not income tax) but you must have crystallised that loss by selling your security(s), you can't just claim your investment(s) are currently down xyz
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Thanks all. Can't see myself making CGT in the next four years but good to know nonetheless.
Thanks0
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