gnf_ireland
Registered User
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My wife has a sizeable Capital Gain Loss from an investment property sold in 2016 (accidential landlord).
I know this can be offset against any chargeable capital gain I have in 2016, which are none.
This loss is then carried forward against any chargeable capital gain she has in the future.
However, my question is, can this chargeable loss also be offset against any chargeable gain I have in the future or is it restricted to only capital gains she has?
We are jointly assessed for tax purposes for the last 5 years if that makes any difference
I know this can be offset against any chargeable capital gain I have in 2016, which are none.
This loss is then carried forward against any chargeable capital gain she has in the future.
However, my question is, can this chargeable loss also be offset against any chargeable gain I have in the future or is it restricted to only capital gains she has?
We are jointly assessed for tax purposes for the last 5 years if that makes any difference