CGT Gains and losses

beattie

Registered User
Messages
96
For the tax year 2005 I made approx €600 in share sales but also a loss of appox €1400 in other share sales. Hence the net loss was €800. I have a sizeable capital gain coming to me through the Vodafone B-share issue to I want to minimise my exposure to CGT.

As my gain (€600) was less than the yearly allowance of €1270 can I carry the loss of €1400 forward or can I only carry €800 forward. I suspect it is the latter but I hope it could be the former........

Any advice would be greatly appreciated.
 
Sorry you must use your lossess first

the net gain, after loss relief, can then be reduced by your annual exemption