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Posted Mon, 12 Aug 2024 20:14:14 GMT by jpeachey1974
Hello, and thanks in advance for any help. This year, for the first time, I have reported CGT profits on shares sold from work. I have never reported any CGT profit or loss before. However, it has come to my attention that I may be able to offset some of this gain a with loss on sale of a residential property. I only lived there for 9 months (i believe there was a 36 month rule at the time?) due to a breakdown in a relationship in 2008/2009. Lost 10k when sold the place (+ stamp duty etc) due to the financial crisis. My question is - is there a time limit for this loss and if I would be alllowed to reduce my gain in the last tax year? I have already submitted my return but I still have time to amend it. Just trying to confirm my understanding of the rules. Cheers, 


Name removed admin .
Posted Thu, 22 Aug 2024 18:33:22 GMT by HMRC Admin 25 Response
Hi  jpeachey1974,
If you did not previously advise of this, it is now too late to use.
Capital losses must be reported within 4 tax years of the year it arose. you are now out of this period.
Thank you. 

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