CGT on Property and share transactions

Sailor

Registered User
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Earlier in the year i sold some property at a profit, and made the relevant cgt returns, and payment by Oct 31st 2007.
Since then i have sold quite a few shares at a loss before Dec 31st 2007.
I realise i will have to make this return by Jan 31st 2008.
I am not familiar with the rules, and looking for guidance.
I am hoping to write off some of these share losses, against the earlier property gain.
I would like to know is there is a time delay i need to observe, if i was to consider purchasing some more of these shares.
Any other info would be appreciated
 
Earlier in the year i sold some property at a profit, and made the relevant cgt returns, and payment by Oct 31st 2007.
Since then i have sold quite a few shares at a loss before Dec 31st 2007.
I realise i will have to make this return by Jan 31st 2008.
I am not familiar with the rules, and looking for guidance.
I am hoping to write off some of these share losses, against the earlier property gain.
I don't think that you can backdate losses like this. You can only write off losses against subsequent gains. Unless the property gains and share losses happen to fall within the same CGT tax year/period. You certainly cannot write, say, 2007 losses against gains previously made in, say, 2004, for example.
I would like to know is there is a time delay i need to observe, if i was to consider purchasing some more of these shares.
Why do you think that there may be some time limit here?
 
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