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Will this be a problem, as I haven't recorded it before - thanks, i.e can I just put it is the box as losses from previous years?

I am a PAYE employee, and I have being filling out my tax returns since 2002 and recently using the online ROS form F11. However I only now realise that I should have been filing my losses on Shares which I had been trading ( but making overall losses each year, I didnt make a profit in any...

These are the figures for the property 1) If working 2) Retired 3) Retired with large income from 3 apartments costing 85,000 @ 800 per month. Thanks for all the replies. Here is a summary based on feedback. 1) Working |Investment|||85,000 Rental Income|||8,800 No of months|11|| Rent per...

No it is not,

Thanks for all the replies. My plan to to retire at 58'ish (5 years time) and have a total income of about 40000 between my pension which will be reduced due to early retirement of about 17K and make up the balance 23K from property. with similar returns to the one I listed above. So that would...

I notice that all the discussions on rentals returns on property, suggest 41% tax, PRSI 4% and USC 7%. My question si if you are retired and you have no or little income. Then is your investment income not taxed at the lower rate. i.e the 20% rate, The table below is copied from an example at...

Hi Guys, does anybody know, if you did not file losses in the past in your returns for share losses(In my case I didn't know I had to). but want to do so now, add your losses for the past years in this years return, is there a time limit as to how far I can go back to claim capital losses on...

Riddles, you can. See conversation in my post today "retro fitting losses on shares"

time limit to claim capital loss shares IS there a time limit on how many years you can go back and claim losses if you haven't declared the losses in the year you actually had the losses.

time limit to claim capital loss shares I still did not get around to filing my losses for shares over a number of years. I am about to do it this october Does anybody know if there is a time limit to claim capital loss shares Since I have had net losses since 2004 and no net gain in...

What was the end of this. I find myself in Paul_M boat having not declared capital losses going back over 8 years. Is there a limit on how far can now declare them. can I just fill out the section in the F11 form "Amount of unused loss(es) from prior year(s) available for offset against...

Dermot, you sound like they type of person that has a good head on your shoulders and are a good landlord. I agree with you on the return is fine as it is and no need for capital appreciation. I am in the same boat happy to get a good return and providing good accommodation to good tenants. Why...

I agree with Brendan, but I think you need to get help and try to get a write down on your mortgages, you should contact newbeginning for help. there is contact details at the end of their page, search for it in google as I am not able to post the web link yet

Thanks that explains it, just in the tax returns it can seem quite a large amount when you add up all the purchase costs on all the transactions and all the sale proceeds on all the sales. say I deal in an account that has 50K and turn it over only 3 times a year that is 150K purchase cost and...

mandelbrot, just to clarify I am a bit slow today, do I carry the 3000 or 9000 forward - Also do I add transaction costs to the losses and they get carried forward as well as transaction costs can be high with a large number of small amount trades

mandelbrot, just to clarify I am a bit slow today, do I carry the 3000 or 9000 forward - Thanks

I have a question, can you carry the full loss going forward, or is it only the effective capital gains rate that you can carry forward. ie, if I had a loss of 9000€, can I carry the 9000€ as a loss going forward or is 3000€ the capital gains rate 30%

I contacted the revenue office to discuss. They asked me how many years and said that I should write them a letter stating what I bought them for and what i sold them for and what the loss was for eacy year and they would update my return. I am not sure they understand that there was more than...

Your figures look right to me, except"Mortage Interest @2% 5300". i would check this one, as i am assuming that you are allowing fro full tax relief on Mortage Interest. I think that may be reduced to 75% now, with further reductions down the line. I am not sure of the status on this.

Thanks, it confirms it, I will probarly let the money in savings - Thanks again