Just a quick question re tax..as I know many on here will be experts in the tax / shares profit field. I am classified as an investor not trader. Any profits earned on shares held for over 12 months are taxed at half the tax rate... so I am assumiing that any losses incurred on shares held for over 12 months must be deducted from those same over 12 month profits...???? or can I take the full loss off my annual short term profits ? Thanks in advance for your replies Gisy