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Posted Thu, 13 Jun 2024 10:11:51 GMT by Idontknowanything
I will have to pay CGT within 60 days on gain just made on a property sale. A) Can I offset the losses incurred on share sales, and (B) do I do this at the end of the tax year in Self-Assessment return and then get a rebate, or at the time of submitting CGT return? I have received conflicting advice from other quarters. Thank you.
Posted Fri, 14 Jun 2024 12:49:08 GMT by HMRC Admin 13 Response
Hi
To answer your query we would advise as follows:
  • A) yes you can offset losses from shares against the gain from the property but they must have occurred before you report the sale. if not then
  • B) B applies and you can declare all losses in the year
Thank you

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