G Godfather Registered User Messages 602 7 Dec 2017 #1 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!
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!
D dub_nerd Registered User Messages 1,992 7 Dec 2017 #2 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.
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.
J jpd Registered User Messages 4,372 7 Dec 2017 #3 dub_nerd said: In Ireland there is no distinction. Click to expand... Not quite right - losses on bed & breakfast type transactions cannot be offset against other capital gains
dub_nerd said: In Ireland there is no distinction. Click to expand... Not quite right - losses on bed & breakfast type transactions cannot be offset against other capital gains
G Godfather Registered User Messages 602 7 Dec 2017 #4 Thank you very much bud_nerd and jpd for your replies. Very appreciated!