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Posted Wed, 20 Nov 2024 15:12:07 GMT by felixmy1606
Hi, I had a significant capital loss in the year 22/23 which I also have reported in my tax declaration to HMRC. In 23/24, I made zero capital gains/losses. For my self-assessment for 23/24: A) Do I need to fill in the capital gains section in my self-assessment to keep my previous year's losses in my tax account (such that it is kept in the records of HMRC), or B) Do I only need to mention those capital losses in the future if I want to offset those against any capital gains? I know this might seem like a trivial question, but so far have not managed to find an answer anywhere online so far. Thank you all in advance! Felix
Posted Tue, 26 Nov 2024 15:06:54 GMT by HMRC Admin 10 Response
Hi
No you dont need to complete a CG page again until you either use the losses or have another gain to report.
Posted Tue, 26 Nov 2024 16:57:06 GMT by Gary Taylor
Thank you. I had the same question. I did not complete the CG section on my self assessment but included a note at the end of the assessment. This is probably superfluous but it acts as a good reminder for me.

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