|
|
Post by marcus2p on Jul 28, 2021 9:48:22 GMT
Resurrecting this thread instead of starting a new one.
Has anyone claimed a Capital Loss against any of these loans? I made a Capital Gain over the CG allowance last financial year and am looking to reduce my tax bill. I am certain I'm not going to see the full amount I invested in Collateral, so can I take some of this amount and offset against a Capital Gain? If, miraculously further down the line, all my Collateral investments get returned to me, do I then claim that as a Capital Gain?
I also don't expect to make another Capital Gain in later years so banking the Loss isn't that useful.
Thanks!
|
|
qlassa
Member of DD Central
Posts: 57 
Likes: 25
|
Post by qlassa on Jul 28, 2021 22:25:01 GMT
Resurrecting this thread instead of starting a new one.
Has anyone claimed a Capital Loss against any of these loans? I made a Capital Gain over the CG allowance last financial year and am looking to reduce my tax bill. I am certain I'm not going to see the full amount I invested in Collateral, so can I take some of this amount and offset against a Capital Gain? If, miraculously further down the line, all my Collateral investments get returned to me, do I then claim that as a Capital Gain?
I also don't expect to make another Capital Gain in later years so banking the Loss isn't that useful.
Thanks!
Don't think you can offset now given still in liquidation (i.e. not crystalised yet), but happy to hear other people's thoughts
|
|
