Irish Life &Permanent loss

[sole]

We invested £1600 in Irish Life in 1991.
It is now worth about €30. Main loss being about 2011.
If we sell other profitable shares this year can the loss be included for Capital Gains Tax.

 

[Brendan Burgess]

Yes, but you will have to sell the Irish Life Shares to use the losses.

Brendan

 

[sole]

Thank you. That is great.

 

[Gordon Gekko]

Yes, but you will have to sell the Irish Life Shares to use the losses.

Brendan

There's arguably scope for a negligible value claim...

 

[Rob F]

Can a loss on selling Irish life shares be used against the tax on sell of profitable units in an Irish Life Scope fund?

 

[Gordon Gekko]

Can a loss on selling Irish life shares be used against the tax on sell of profitable units in an Irish Life Scope fund?

Unfortunately not...unit fund gains can't be sheltered by a loss...nor can a loss on a unit fund be used elsewhere.