Fri 05 May 2007Offsetting capital lossesQ&A:I bought shares in Planestation Group plc
back in 2001. In January 2007, I received a letter from Grant
Thornton informing me that the company had been put into
liquidation in July 2006 and that the shares had no value. My total
investment was €31,944.This year, I expect to have a large capital gains bill due to a
property sale. Can I offset my losses on Planestation plc against
this capital gains bill? How do I compute the offset?