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Posted Tue, 05 Dec 2023 14:52:59 GMT by
Dear Sir/ Madam, In the 22-23 tax year, I have sold an option worth over £49K in the year. But I don't have any other profit and not registered for Self Assessment. Could you advise if I still have to report my investment loss? or I do not have report the loss straight away?Thanks in advance!
Posted Thu, 07 Dec 2023 11:18:11 GMT by HMRC Admin 25 Response
Hi WKM,
Please refer to guidance  here:
Report and pay your Capital Gains Tax
Thank you. 
Posted Wed, 13 Dec 2023 10:11:34 GMT by
Thanks Admin. Can I confirm with you that I don't have to report straight away if I made a loss in this tax year?
Reporting losses Claim for your loss by including it on your tax return. If you’ve never made a gain and are not registered for Self Assessment, you can write to HMRC instead. You do not have to report losses straight away - you can claim up to 4 years after the end of the tax year that you disposed of the asset.
Posted Tue, 19 Dec 2023 11:03:58 GMT by HMRC Admin 32 Response
Hi,

You have up to 4 years in which to claim a capital gains loss, supported with evidence. As you do not submit a tax return, your loss claim must be in writing and in HMRC possession before the end of the 4th tax year otherwise it will be rejected as out of time.

Thank you.

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