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Posted 10 days ago by Citizen3000
Is it possible to calculate losses occurring after October 30th separately? For example the CGT Adjustment calculator takes into account gains before and after Oct 30th but losses are only considered from the whole year. In this case if one bought an asset and sold it at a loss after October 30th the loss would diluted over the whole year.
Posted 6 days ago by HMRC Admin 20 Response
Hi Citizen3000,
No.
As there is no tax due on a loss, the different rates for the CGT tax is not applicable and the loss is based on the whole year.
In year losses must be used before any annual allowance.
Thank you.

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