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Where Taxpayers and Advisers Meet

recording losses/gains

Joined:Wed Aug 06, 2008 3:13 pm

Postby Graham1 » Fri Jan 28, 2005 2:18 am

I would appreciate guidance:

Should I record CGT/losses for Investment Trusts and ISA's

Thank you



Huw Williams
Joined:Wed Aug 06, 2008 2:18 pm

Postby Huw Williams » Sat Jan 29, 2005 5:33 am

Yes and no.

If you own investment trusts directly, you should record gains and losses.

You cannot record losses on ISAs. They are tax-free investments which means that there are no taxable gains and no tax relievable losses.

Huw Williams

0115 914 6846

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