Cryptocurrency - Reporting Capital Gains Losses for 2023/24

Hi everyone, I’m helping someone who has incurred around £8,000 worth of capital gains losses from selling cryptocurrency in the 2023/24 tax year, and we’re a bit confused about how to report these losses to HMRC. We’ve had a look at the Self Assessment application, but it seems like it’s mainly designed for reporting profits rather than losses. Could anyone advise on the following? 1) Do we still need to report the losses even though no capital gains were made in the 2023/24 tax year? 2) If we do report the loss, where exactly do we include it on the Self Assessment form? Is there a specific section for capital losses? 3) Can the losses be carried forward to offset any future gains, and is there a process we need to follow to make sure they’re registered properly with HMRC? Any help or advice on how to handle this situation would be greatly appreciated! Thanks in advance!

Hi,
If a tax return is required, you would declare the losses in the capital gain section of the online return or SA108 if on paper (Self Assessment tax return formss).  
You will need to attach supporting evidence of the losses.  
If a tax return is not required you can report the losses in writing and include supporting evidence.  
You cannot claim losses that you have not declared to HMRC.  
The losses can be carried forward and set against a future gain.
Thank you.