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Posted Sun, 29 Dec 2024 00:32:39 GMT by a03b
I first moved to the UK in 2018. Then I left during Covid (mid-2020) and came back in June 2022. I have some capital losses relating to tax years 2022-23 and 2023-24 (so these capital losses ocurred while I was in the UK, i.e., I sold them while I was a UK tax resident). However, these are assets were acquired in 2020 and 2021 while I was living elsewhere. Can I still use these capital losses against future capital gains? Thanks very much.
Posted Tue, 14 Jan 2025 11:40:03 GMT by HMRC Admin 8 Response
Hi,
Yes as the asset was sold when you were UK resdient. you still need to report the losses within 4 years of them arising in order to use them at a later date.
Thankyou.

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