Capital Loss on Inherited Property offset against future Gain

[Jordan Belfort]

For example I inherited a property that was valued €100,000 and exempted from any Capital Acquisitions Tax. If I subsequently sold that property for €70,000 that would be a CGT loss of €30,000 ?

Could that €30,000 be offset against a Capital Gain in current or a following year ?

 

[jpd]

Yes. It can be carried forward indefinitely until you make a capital gain on some other asset.