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edd012
Guest
Hi, I'm trying to get some answers for a friend who several years ago, during the economic boom time, took out shares that have since fallen greatly in value. What I need to know is if she sells the shares now, can she claim any tax relief on the losses? She pays tax at work. Is it possible to use the losses to have this tax reduced? From what I have been able to find on Google, it seems you can only use the losses to claim tax relief on gains from future investments. If this is correct, what kind of proof of the loss does she need to get when selling the shares, and can losses that occurred years ago still be used in the future? The shares were taken out using the AIB online share dealing service. Any advice would be appreciated. Thanks.