Capital Gains Tax - offset loss?

[Perplexed]

I have two properties in two different countries, one that has dropped in value and one that has increased.

If I sell both in the same tax year can I offset the loss on the one against the gain on the other for my Irish Tax return ?

I've searched Revenue but cannot find an answer so would be grateful for any help.

 

[mandelbrot]

I have two properties in two different countries, one that has dropped in value and one that has increased.

If I sell both in the same tax year can I offset the loss on the one against the gain on the other for my Irish Tax return ?

I've searched Revenue but cannot find an answer so would be grateful for any help.

Yes.

http://www.revenue.ie/en/personal/buy-sell/foreign-property/disposal-foreign-property.html#section3

 

[Perplexed]

Thanks a million for that link. I was looking in the wrong section!

 

[joe sod]

if selling shares in order to realise a loss for tax reasons i know that this only valid provided you do not buy back the shares before 28days has passed. however is it possible to buy an equivalent number of new shares and then sell the original shares at a loss in case the shares rebound during the 28day period. Is there any rule regarding this