Thread: Britain INCREASES tax on ebooks
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Old 06-25-2010, 03:53 PM   #96
pdurrant
The Grand Mouse 高貴的老鼠
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Quote:
Originally Posted by GeoffC View Post
In my scenario I am assuming that after 2 years, I would sell ... capital gain losses are (as far as I understand it in the UK) not tax deductible, for me as an individual.
They are against other capital gains.

Lose five million on the Picasso. Gain five million on a Rembrandt. Net liability for capital gains: 0.

I believe losses can be carried forward for several tax years.


[whoops - late to the thread]
Last edited by pdurrant; 06-25-2010 at 03:56 PM.
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