Hi Veritas I have a question for you re CGT and Capital .Losses I have traded shares for around 25 years and at the beginning my accountant classed me as an investor In 2008 I was trading shares fairly heavily through CFD'S and went down in a big way went G.F.C.hit Since then I have clawed most of my losses back however there is still a big tax loss there that I feel I should be allowed to use My accountant says that he now has me classed as a trader and I can no longer use the Capital Losses from the past I questioned why he changed my status and he said I am better off this way financially However in my mind I am still doing the same now as I was in 2008 but in a lot smarter way -why can't I use my losses from the past I am now retired on a part pension so every dollar helps and I wouldn't like to go to the pearly gates knowing the Tax man still owes me money
