Lose some, win some: offsetting a capital loss against a capital gain
Q&A: Dominic Coyle answers your personal finance questions
“I made a loss on a foreign property. Am I right that I can set the amount off against future gains?” Image: iStock
I made a loss on a foreign property a number of years ago. The property was declared and fully compliant with Revenue. At the time of disposal I declared the loss in my annual tax return.
Am I right to understand that I can set the amount off against future gains, as I hope to have some profits on an employee-leveraged share scheme where the gains are subject to capital gains tax.