Hi,
Over the last number of years I have invested approximately 65000 on the Irish stockmarket. If I were to sell them today, I would make a loss of 60000. If I earn, say, 80000 a year, can I somehow reduce my income tax bill by having my losses taken into account (e.g. gain=80000, loss=60000, => pay tax on 20000?)
Any clarification would be much appreciated!
Cheers,
David
Over the last number of years I have invested approximately 65000 on the Irish stockmarket. If I were to sell them today, I would make a loss of 60000. If I earn, say, 80000 a year, can I somehow reduce my income tax bill by having my losses taken into account (e.g. gain=80000, loss=60000, => pay tax on 20000?)
Any clarification would be much appreciated!
Cheers,
David