Offsetting Capital Gains (Shares) and Losses (Investment Property)

[daymoh]

If someone made a capital loss from the sale of an investment property, can they use this loss to reduce the amount of tax payable for a capital gain from the sale of shares?

Many Thanks

 

[Brendan Burgess]

If both are made in the same year, yes.

The loss can be carried forward, but not backward.

So if you made a profit on shares in 2010 and expect to make a loss in 2011, you won't be able to carry it back.

Brendan

 

[daymoh]

I understand. Thank you, for your response...