I wonder if anyone could answer this question.
My wife is about to sell her pre marital home and is set to make a capital loss of about 60K.
Now, I have some equities which are sitting on a capital gain of about a similar amount.
Is it possible to offset the loss against the gain for CGT purposes?
We are jointly assessed for tax purposes....
Thanks!
My wife is about to sell her pre marital home and is set to make a capital loss of about 60K.
Now, I have some equities which are sitting on a capital gain of about a similar amount.
Is it possible to offset the loss against the gain for CGT purposes?
We are jointly assessed for tax purposes....
Thanks!