In a portifilio of a friends shares , he has some he has made money on , some he has lost money on.....he has not used any of his capital gains allowance this year but needs to sell them in the next week for a house deposit , he has 33k in shares , some he paid for example 1200 for shares in 1 company , but the shares are now valued at say 800 , but of course on the flip side he has some shares he has bought for 1200 and there worth
2000.00 , he has done no bed and breakfast around april time or what ever they call it these days on any of the shares , he's held them all for around 5 years......so does a loss on one group of shares balance out the gain on another group of shares ? thus hopefully , based on his calculations of winners and losers , if the loser balance the winners etc , he will have not gone over his i believe 7k capital gains allowance (or is it more these days ???)can anyone shed some light on this please.......