CGT - Claiming Allowable Losses from previous years if CGT return was not filed

J

JJQ

Registered User
Messages
2
Hi,

I bought and sold shares over 10 years ago, made a loss but never filed a CGT return as it was a loss and I never made a gain. I kept away from the stock markets for a while after that.

I sold shares for a second time this year and luckily made a small profit this time (just a bit above the €1,270 personal exemption).

Can I carry forward the loss I made 10 years ago to offset it against the profit I made this year if I never declared the loss 10 years ago?
 
You can, do you make a tax return normally? (complete a Form 11 or 12?)

And by the way, you have to use up your loss before claiming the annual exemption, so the first €1,270 would also be matched against your previous loss.
 
Thanks Rob, I'm a PAYE worker, I don't usually make a tax return, I have filled out a Form 12 on occasion though.
 
You must log in or register to reply here.
Back
Top