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Where Taxpayers and Advisers Meet

recording losses/gains

Graham1
Posts:22
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

Sincerely,

Graham

Huw Williams
Posts:285
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
Nottingham

0115 914 6846

enquiries@huwwilliams.co.uk


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