No, you can not offset the capital loss on the shares against the gain on the ETF. The two gains are liable to tax under different regimes.
Capital gains on shares are liable to CGT
ETF are like funds and Irish funds are subject to Exit tax on all gains when encashed/sold. Also the 8 year rule applies as well.
Foreign ETFs are treated differently as foreign fund companies are not subject to deducting and remitting Exit tax. The taxpayer has to do the calculations himself. The correct way to do this is not very clear nor can I find definite answer anywhere on the revenue.ie web-site.
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