morning all,
I have a taxation question and hopefully someone can help me.
I have taken a look at some of the writings on Investment Fund taxation and don't see what I am after. I do understand that Investment Fund losses may not be offset against say Equity Capital Gains.
About 4 years ago, I invested a sum of money with BOIL in five SMART Funds resulting in one BOIL portfolio/policy number.
Now, in order to meet some financial obligations, I must sell a percentage of this portfolio at a loss. In fact I am getting out of two of the five funds in the portfolio altogether.
My question is can I carry forward this loss to use against any potential proifts that the rest of the portfolio may have?
thanks, gallogly
I have a taxation question and hopefully someone can help me.
I have taken a look at some of the writings on Investment Fund taxation and don't see what I am after. I do understand that Investment Fund losses may not be offset against say Equity Capital Gains.
About 4 years ago, I invested a sum of money with BOIL in five SMART Funds resulting in one BOIL portfolio/policy number.
Now, in order to meet some financial obligations, I must sell a percentage of this portfolio at a loss. In fact I am getting out of two of the five funds in the portfolio altogether.
My question is can I carry forward this loss to use against any potential proifts that the rest of the portfolio may have?
thanks, gallogly