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Posted Tue, 18 Jul 2023 14:55:09 GMT by
Dear team, I appreciate your advice. I have foreign capital losses (short term ang ling term losses) for year 2019-20, 20-21 and 21-22. I was not aware if that could be included in UK self assessment in those eespective tax returns. These losses are clearly recorded in overseas country tax returns. 1) I wonder if there is an option for me to amend or claim against those losses here? 2) If yes, do they need to be claimed only against overseas income or can it be substracted from gross UK income? 3) Is there a time-limit to carry forward such a loss? Thank you.
Posted Sun, 23 Jul 2023 07:19:55 GMT by
Dear HMRC team, May I have response to above query please. Thanks.
Posted Tue, 25 Jul 2023 10:11:52 GMT by HMRC Admin 32 Response
Hi,

Yes, Foreign Capital Losses can be set against UK Capital Gains. Detailed guidance on quantifying, calculating and claiming Capital Losses is provided at CGT15800.                                                
CG15800 - Losses: allowable losses

Thank you.

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