If you make say 10 profitable transactions in a year making a profit of €20,000 giving a CGT requirment of €4400. You reinvested the full €20,000 back into shares and the shares collapsed for instance meaning you've overall for the year made no profit. Can the revenue commissioners still come along and ask for the €4400 that had been owd to them or the fact you made overall in the year no profit due to your big loss at the end of the year, you now owe them nothing.
In other words if you lose all your profit, the tax man also loses his share or is he still owd his share regardless?
Thanks
In other words if you lose all your profit, the tax man also loses his share or is he still owd his share regardless?
Thanks