Losses and adjustments

After selling a FHL I have a CGT gain of £40000 that I want to claim BAD relief on. I also have £3000 share losses in the same year and £5000 (box 27) share losses in the previous year (box 45) . I have read the help notes for the losses and adjustments section of the CGT forms, but still need clarification. 1. In box 50 (Gains qualifying for BAD relief) do I put the gain of 40000 or is it my gain minus my losses, so £32000? 2. In box 50.1 (Lifetime allowance) since I have no previous claims do I put the gain of £40000 or is it my gain minus my losses, so £32000? 3. In box 51 (Adjustment to CGT) do I put my total losses of £8000?

Hi kcsekcse,
It will be the actual gain as the losses are then taken into account when working out the taxable gain.
The same applies to box 50.1.
There should be no entry in box 51 as in year losses should be declared in the section to which they refer (see boxes 7,19,27,35) and will automatcially be used.
Losses from previous years that are now being used should be shown at box 45.
Thank you.