I have asked this question before on AAM, but I can’t find the previous post.
I bought shares in the four quoted banks between 2007-2014, and I have unrealised capital losses of approx. €10k on three of them.
I currently have shares as follows:
I also bought Ryanair shares on four occasions, and I have unrealised capital gains, about €8k approx
Can I do the following:
Will that work?
Thanks.
I bought shares in the four quoted banks between 2007-2014, and I have unrealised capital losses of approx. €10k on three of them.
I currently have shares as follows:
- AIB = 3 shares, unrealised capital loss = €2,750 approx
- Anglo capital loss = €3,000 approx
- Bank of Ireland – I intend to keep, this is the only one with any long-term chance to breakeven
- PTSB = 12 shares, capital loss = €4250 approx
I also bought Ryanair shares on four occasions, and I have unrealised capital gains, about €8k approx
Can I do the following:
- Sell the 3 AIB and 12 PTSB shares now, and crystallise the capital losses
- Sell some/all of Ryanair now, generating a capital gain
- After four weeks, buy the same number of Ryanair shares (obviously with risk of price changes)
- In my tax return, put the capital losses against the gain, pay zero CGT
- Establish a new higher base price for the Ryanair shares
Will that work?
Thanks.