Can I offset this?

[edgetrading]

I locked in a £500 loss on a share trade last year, due to a company (loanmakers) going bust. But I made gains above the capital gains threshold on other accounts.

Can I offset this £500 loss against my other positive gains?

 

[Trader333]

You should take professional advice on any subject such as this. Having said that in my view yes you can offset this as it is a capital loss.


Paul

 

[ns1000]

Yes you can - your tax bill is based on net gains - net losses. It doesn't matter that the gains and losses were made in different accounts as long as they were made by the same person.

Just like paying income tax on the proceeds of two part time jobs.