Cannot seem to find clear documentation on this so hoping someone can clarify the treatment of this.
For symplicity, say I have €1000 losses selling shares last year and submitted that to revenue in October and no issues with that.
This year i've been lucky enough to make €1000 selling shares.
Can I carry forward my last years losses to next year and offset my €1000 gains against my personal allowance for this year (€1200) instead?
Or ALL gains must be offset against previously carried forward losses FIRST before the personal allowance.
Obviously I'd rather carry forward my losses if possible, can anyone clarify for me please?
For symplicity, say I have €1000 losses selling shares last year and submitted that to revenue in October and no issues with that.
This year i've been lucky enough to make €1000 selling shares.
Can I carry forward my last years losses to next year and offset my €1000 gains against my personal allowance for this year (€1200) instead?
Or ALL gains must be offset against previously carried forward losses FIRST before the personal allowance.
Obviously I'd rather carry forward my losses if possible, can anyone clarify for me please?