can I offset capital gains tax by buying more shares
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Subject Author Date
can I offset capital gains tax by buying more shares Nemo 02-26-2010
Posted by Nemo on February 26, 2010, 2:19 pm


Just received some cash from Cadbury shares take over by Kraft can I offset
the capital gains tax on excess money by purchasing some shares in other
companies before end of tax year.

Thanks in advance

Nemo


Posted by Dr Tormento on February 26, 2010, 3:17 pm



> Just received some cash from Cadbury shares take over by Kraft can I
> offset the capital gains tax on excess money by purchasing some
> shares in other companies before end of tax year.



No

Posted by PeterL on February 26, 2010, 10:17 pm


> Just received some cash from Cadbury shares take over by Kraft can I offs=
et
> the capital gains tax on excess =A0money by purchasing some shares in oth=
er
> companies before end of tax year.
>
> =A0 =A0 Thanks in advance
>
> =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0Nemo

No.

Posted by Ron Peterson on February 26, 2010, 10:38 pm


> Just received some cash from Cadbury shares take over by Kraft can I offs=
et
> the capital gains tax on excess =A0money by purchasing some shares in oth=
er
> companies before end of tax year.

Just buy shares that will go down in price and then sell.

If the price goes up, sell and pay your taxes with the profit.

--
Ron


Posted by terrable on February 27, 2010, 2:35 pm



> Just received some cash from Cadbury shares take over by Kraft can I
> offset the capital gains tax on excess money by purchasing some shares in
> other companies before end of tax year.
>
> Thanks in advance
>
> Nemo
>

You offset capital gains taxes by selling other holdings with losses. You
must have some losers.



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