capital gains tax

i held baltimore tech adr shares with an account in USA
the company was liquidated this year
can i offset this loss against any gain
when you make returns for capital gains do you have to provide proof of gains/loss.
i would appreciate any advice on this matter

Hi Noel C

Take a look at the Revenue Guide.

I'm sure that you can utilise the losses against future gains (to leave you in a no gain/no loss situation at best), I'm not sure if there is a timeframe (I don't think that there is) in which you have to utilise losses (it's been a while since I did tax).

Wrt to records, I don't think you have to submit receipts etc., but I'm sure you should keep them for at least 5 years or so just in case there are any queries.

Just to add to that ... there is no time limit on carrying capital losses forward for subsequent ofsetting against capital gains.