Northern Lass
Joined: 10/31/2024
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Am about to pay CGT after a house sale, but will soon incur a loss when I sell shares
My tax affairs are straightforward, so I never file an annual tax return, and I do not have an online tax account. I sold a residential property this week, a second home, and I will pay the required CGT within the next 60 days. (I have already requested a paper form that I can fill in.) I hold some bank shares on which I have made a loss, and I plan to sell those shares sometime during this tax year, but probably not within the next 60 days. Can I still offset the loss (shares) against the gain (property) even though I will already have settled the CGT bill by the time I sell the shares? Also, when/how can I claim the tax back after selling my shares, as I do not fill in a tax return?