If you incur a loss:

  • Declare the Loss: Include it in your tax return under “Capital Gains.”
  • Offset Losses: Offset against gains in the same year before applying the €1,270 exemption.
  • Carry Forward Losses: Unused losses can be carried forward to offset future gains.
  • Foreign Losses: Can only be offset against foreign gains and carried forward.
  • Documentation: Keep records of the loss, as Revenue may request proof.