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Are you sure about that? Can you quote something authoritative on this?Yes you can. You are only obliged to make a capital gains tax return if you are chargeable to capital gains for the relevant period.
So it's just your opinion? I suspect that you are wrong and that a return is required whether or not there is any actual liability.In my opinion the obligation to make a return occurs on the making of a chargeable gain not on the disposal of an asset which resulted in an allowable loss.
Have you read the TCAs and Tax Briefings on this stuff?I can find no references that disallow capital losses as a result of not doing a tax return.
Post crossed with jfitzer's post.11. Return of Capital Gains / Losses
Gains or losses arising on the disposal of the assets mentioned in paragraphs 5 to 10 above should be
included in the annual return which you should submit to the Collector-General on or before 31 October
in the year following the year of assessment.
I think so.Clubman, I don't have time to read the 53-page document which you link. I presume the paragraph you quote is the most relevant part?
I think so.
I'm not the only one on this thread who is not sure and some of the others are tax experts.
As far as I can see...
Even if such a requirement does exist, I honestly can't imagine...
Unless the OP's capital gains or general tax history is somehow unusual or irregular, I wouldn't see this as an issue.
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