Is there a distinction between short term losses and long term losses for CGT purposes?

Discussion in 'Investments' started by Godfather, Dec 7, 2017.

  1. Godfather

    Godfather Frequent Poster

    Posts:
    595
    Hi,

    query please. In relation to this article:
    https://budgeting.thenest.com/long-wait-before-selling-stock-31057.html

    ...and this extract:
    If you hold it for one year or less, the gains are short-term capital gains and the losses are short-term capital losses.

    Is there a distinction in Ireland between short term losses and long term losses as well when crystallising losses?

    Thank you very much!
     
  2. dub_nerd

    dub_nerd Frequent Poster

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    1,539
    No. That article is about the USA where short term gains are taxed as ordinary income (and will therefore benefit from Trump's new tax bill). In Ireland there is no distinction.
     
  3. jpd

    jpd Frequent Poster

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    1,326
    Not quite right - losses on bed & breakfast type transactions cannot be offset against other capital gains
     
  4. Godfather

    Godfather Frequent Poster

    Posts:
    595
    Thank you very much bud_nerd and jpd for your replies. Very appreciated!