Hello,
I had capital gains in 2005 and losses in 2008 so the 'opportunity' to offset them.
I do not understand the process itself.
Will I get a tax return later because of these losses ?
I still have to pay some taxes for 2008 so I have to pay them by 30th of April.
Would it not make more sense the income to be reduced with this offset so I pay less now and get nothing back later rather than pay more now and get something back later.
Am I missing anything ?
Thanks
I had capital gains in 2005 and losses in 2008 so the 'opportunity' to offset them.
I do not understand the process itself.
Will I get a tax return later because of these losses ?
I still have to pay some taxes for 2008 so I have to pay them by 30th of April.
Would it not make more sense the income to be reduced with this offset so I pay less now and get nothing back later rather than pay more now and get something back later.
Am I missing anything ?
Thanks