tax qu

  1. 827 Posts.
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    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
 
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