Capital Gains Tax Offsetting within NISA

[osakainvestor]

Hi all,

Bit of a strange situation here.

I have a mix of NISA stocks and non-NISA stocks. Sold one of my non-NISA stocks today (SAPPORO 2501.T) and made a fairly hefty gain! Rakuten have withheld the CGT for me, which is fine.

I have a few NISA stocks which are in negative territory and was wondering if I sell NISA stocks, can I use the losses on them to offset the gain I made today and reduce my CGT? I know I can do that for non NISA stocks but I wondered if the no CGT nature of NISA stocks would prevent me from using them in this way.

Any ideas?

[RetireJapan]

Nope. There is no tax to pay on NISA, so you can't use losses in NISA to offset tax elsewhere. The investments basically don't exist as far as the tax office is concerned.

[adamu]

From the Caveats:

Assets sold at a loss cannot be used to offset capital gains tax due on assets sold outside of the NISA.

[osakainvestor]

Thanks very much!