Client invests €10,000 in EIIS Investment and claims 40% Income Tax Relief. 4 years later the investment performs poorly and client only receives €2,000 back. My estimate of allowable loss is €2,000 (Consideration) less €6,000 (ie 10k less 4k) so allowable loss of €4,000. Can this loss be offset against other Capital Gains? Is this correct?
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