Offsetting loss on life company bond

T

tenchi-fan

Guest
Hi, this is my first post but I read this site regularly.

I lost some (a lot!) of money in an Irish Life investment bond. The value was down but I needed access to the cash and sold at the worst possible time.

Say I invested €20,000 in 2007 and when I cashed in in 2008 it was worth €10,000.

Now I'm thinking of investing again. My question is, is there any way I can offset the loss I incurred from the investment bond against either future profits? Either against CGT or exit tax?

I posted this in the investment forum rather than tax as someone here probably had a similar experience. Thanks in advance.
 
No, unfortunately, the loss is not offsetable against anything,
 
Thanks! that's a pity, considering the deemed tax after 7 years & the high rate of exit tax.
 
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