Using Degiro in the same year I have exited out of some ETF's this year enjoying some gains on some but suffering losses on others. Overall, the gains are greater than the losses.
Can these losses be offset against the gains for tax purposes?
e.g profit from 3 ETF's = €5,000
loss from 2 etf's= € 3,000
Ne loss to me =€2,000
Using Degiro in the same year I have exited out of some ETF's this year enjoying some gains on some but suffering losses on others. Overall, the gains are greater than the losses.
Can these losses be offset against the gains for tax purposes?
e.g profit from 3 ETF's = €5,000
loss from 2 etf's= € 3,000
Ne loss to me =€2,000
Using Degiro in the same year I have exited out of some ETF's this year enjoying some gains on some but suffering losses on others. Overall, the gains are greater than the losses.
Can these losses be offset against the gains for tax purposes?
e.g profit from 3 ETF's = €5,000
loss from 2 etf's= € 3,000
Ne loss to me =€2,000
Does he/she?
Profit of 5k on one bunch of etf's, 3k loss on other bunch and then Revenue take another 2k tax. So, by my reckoning, nothing left for OP!
Does he/she?
Profit of 5k on one bunch of etf's, 3k loss on other bunch and then Revenue take another 2k tax. So, by my reckoning, nothing left for OP!
Yes you can argue that, it's a genuine point in fairness. I was listening to a podcast lately about the investment industry in this country lobbying the government to reduce the punishing 41% exit tax on etf gains to make them more attractive to investors.