While client portfolios may be struggling with the current market volatility, Neil MacGillivray discusses the opportunity to offset capital losses with next year's capital gains...
Nobody likes to see the value of their investment portfolio fall. However, in every crisis there are opportunities, and I don't mean the ridiculous mark ups on hand sanitiser that we saw. When markets have fallen, taking the opportunity of crystallising capital losses to set off against future gains may help ease the pain a little once the markets recover. Most of us will be familiar with the basic rule that capital losses incurred in a tax year must be set off against any capital gains that arise in the same tax year. If the losses exceed the gains, then the excess loss can be carrie...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
