M Maread Registered User Messages 50 12 Oct 2011 #1 Hi, A quick question: Can you offset unused personal tax credits against a capital gains tax liability? Thanks Maread
Hi, A quick question: Can you offset unused personal tax credits against a capital gains tax liability? Thanks Maread
C ClubMan Registered User Messages 49,236 12 Oct 2011 #2 You mean personal income tax credits? If so - no. Income and capital taxes are treated separately. You can offset stuff like previously incurred loses, allowable costs, indexation relief (where available), personal annual CGT allowance etc.
You mean personal income tax credits? If so - no. Income and capital taxes are treated separately. You can offset stuff like previously incurred loses, allowable costs, indexation relief (where available), personal annual CGT allowance etc.
C ClubMan Registered User Messages 49,236 12 Oct 2011 #4 Do have a read of Revenue guide CGT1 if you are not sure about CGT issues: www.revenue.ie/en/tax/cgt/leaflets/cgt1.pdf
Do have a read of Revenue guide CGT1 if you are not sure about CGT issues: www.revenue.ie/en/tax/cgt/leaflets/cgt1.pdf