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    • woodman2
    • By woodman2 13th Mar 18, 5:27 PM
    • 17Posts
    • 9Thanks
    Offsetting tax losses
    • #1
    • 13th Mar 18, 5:27 PM
    Offsetting tax losses 13th Mar 18 at 5:27 PM
    We have some investments in shares, some of which are in ISA's and some are not.
    Each year we transfer our allowance into the ISA share portfolio to reduce our future tax liability.

    If some of the shares within the ISA portfolio suffer a loss in the tax year, can this loss be used to off set any gains of the shares outside the ISA portfolio which are subject to tax?

    Hope I have made myself clear, and would appreciate any advise given here.
Page 1
    • le loup
    • By le loup 13th Mar 18, 5:41 PM
    • 3,807 Posts
    • 3,756 Thanks
    le loup
    • #2
    • 13th Mar 18, 5:41 PM
    • #2
    • 13th Mar 18, 5:41 PM
    ISAs are tax free when selling at a profit. So you would surely not expect a tax benefit when you sell at a loss!
    • woodman2
    • By woodman2 13th Mar 18, 5:44 PM
    • 17 Posts
    • 9 Thanks
    • #3
    • 13th Mar 18, 5:44 PM
    • #3
    • 13th Mar 18, 5:44 PM
    Thanks for the prompt reply.

    I guessed that might be the case, but I just thought I would check.
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