can losses on shares be used to offset income tax?
My father holds shares in a couple of companies that have now gone bust. can he use that loss to offset against income tax on his pension? and what is the process if it is permitted?

I don't think it can be done as different taxes[ie not like offsetting losses v CGT]

Anyone any ideas

Alex

Good morning traders!

In the US last night, the Dow rose 89 points to 14,662, the Nasdaq added 16 points at
3,255 and the S&P500 gained 8 points at 1,570.

In Asia today, the Nikkei was recently up 274 points at 12,277 and the Hang Seng off
58 points at 22,310.

WTI crude oil traded at $96.79 a barrel and Brent crude at $110.69.

Gold settled at $1,576 an ounce.

Good hunting!

G.

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