I have receipts from stockbroker and share certs from a couple of companies that died around 2008/9.
Currently want to sell some shares that have been good to me.
Never claimed or logged losses with revenue. Can I offset the losses now?
Originally posted by usinvestor Earlier this year I sold some shares with a profit of nearly 6000euro. I also have shares in a US company which has filed for Chapter 11 bankruptcy. I have a contract showing the purchase price but no other paperwork since I have not sold these shares. It...
That's not the case. There is no concession that needs to be applied for.
The OP should review their asset disposals history carefully as any gains realised in the meantime, even if insufficient to generate a CGT liability at the time, will eat into the losses carried forward.
That's not the case. There is no concession that needs to be applied for.
The OP should review their asset disposals history carefully as any gains realised in the meantime, even if insufficient to generate a CGT liability at the time, will eat into the losses carried forward.
Thanks folks.
Could you please explain "any gains realised in the meantime even if insufficient to generate a CGT liability at the time will eat into losses"
I thought any gain above 1250 was taxable and any losses must be used up before using 1250 allowance.
Thanks folks.
Could you please explain "any gains realised in the meantime even if insufficient to generate a CGT liability at the time will eat into losses"