Retrospective application of CGT losses

22 May 2020

burning money

Just a quick reminder on a CGT point. Losses on property sales can be brought forward to future years. Losses can be set aside gains in the same year and in future years. However, losses cannot be applied retrospectively. I am acting for farmer John. He is selling his farm with a gain of €50,000. Likely CGT to be in the region of €16,500. He has a pre-boom apartment in the docklands, Dublin. He also intends to sell that. Likely loss on the apartment to be €150,000. If he gets to sell his apartment this year, it will wipe out the CGT. If the apartment is not sold until next year, he cannot use that loss for this years sale.

Just something to keep an eye on!

For more information on tax related issues, please email me on