Can losses on Shares be Offset

Can losses on Shares be Offset against Sole Trader profits ?

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Can losses on Shares be Offset against Sole Trader profits ?

The shares were /are NOT in an ISA but made losses.  Separately there are profits made by a Sole Trader in their everyday business.

 

 

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By nrw2
01st Dec 2023 13:00

In the absence of share loss relief, which enables capital losses to be set against income in certain circumstances, a capital loss can be set against capital gains in the same year or carried forward indefinitely to set against capital gains in future tax years.

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By Truthsayer
01st Dec 2023 13:19

If your tax affairs include being a sole trader and dealings in shares, I suggest you get an accountant and put this question to him. There might be a lot of other stuff you don't know.

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By FactChecker
01st Dec 2023 13:38

Is share-dealing a standard part of Sole Trader's everyday business?
If not, what do you perceive as commonality between asset gains/losses and income profit/losses?

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Replying to FactChecker:
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By pleasehelpmeonip
01st Dec 2023 13:45

FactChecker wrote:

Is share-dealing a standard part of Sole Trader's everyday business?

No it is not.

If not, what do you perceive as commonality between asset gains/losses and income profit/losses?

There is no commonality.

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By Laurence52
02nd Dec 2023 08:52

Have a read of HS286 under the section headed "Claim to set loss from share disposal against income":
https://www.gov.uk/government/publications/negligible-value-claims-and-i...

Only applies where the shares have been acquired by subscription.

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