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Posted Sat, 29 Jul 2023 09:15:45 GMT by
Hello I have two trading accounts, One has gains of 7.2k and losses of 9.2k and the second account has gains of 7.6k and losses of 18.7k. My question is can i declare gains of 14.8k and carry the loss of 27.9k to be saved up for further years and how do i do that Thank you
Posted Fri, 04 Aug 2023 08:17:32 GMT by HMRC Admin 20 Response
Hi Tsanko,

You need to declare the income and the losses as in year, losses need to be used first before any balance can be carried forward even if this means you lose out on the capital gains annual exempt amount.

Thank you.

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