off-setting capital gains against previous losses

hello,

I'm selling shares that have increased in value by over 30% from when I bought them. I am liable for capital gains on profits made over €1270.

Can I off-set the gain against losses I made selling shares in 2009? or must the loss and profit take place in the same year?

thanks for your response,
TRipley

Yes, you can reduce the gain by the previous loss.

Losses can be offset against gains in the same year or against future gains.

thanks Nige,

OK to clarify, I can off-set undeclared losses from 2009 against declared gains made in 2011.

TRipley

I think you have first declare your 2009 losses before you can use them to offset against current profit. Best to ring the Revenue.