Law & Tax Firms · Tax

Investors unsure if investment losses can offset capital gains tax

Paying taxes. Image via Flickr CC-BY-2.0.

A Luxembourg tribunal decision barring a local company from using investment losses to write off capital gains taxes imposed on a real-estate transaction has caused worry in some corners of Luxembourg’s investment world. Using losses to cut income tax due is a well-established practice. However, a legal analysis by ATOZ, the law firm that alerted many to the 30 March 2023 court decision, says the decision is unlikely to survive an appeal.

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