28% exit tax and set off

[henry]

I searched for this earlier but could not find an answer.

An investment fund is cashed in during the year and an exit tax of 28% is automatically applied to the gain in the value of the fund.

At the same time, another investment fund is cashed in. This fund has lost money.

My questions is: is it possible to offset the loss against the gain and claim a refund of the exit tax.

thanks.

 

[jpd]

As they appear to be Irish investment funds (since the Exit tax was deducted automatically) the answer is No.

 

[henry]

ok jpd, thought so.

Thanks.