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reporting capital loss

karlng321
Posted Mon, 09 Sep 2024 10:30:06 GMT by karlng321
If i have £10000 capital loss in year 2023-2024 and capital gain £15000 in 2024-2025, do i need to report £10000 loss to HMRC in 2023-2024 or just keep this into my record and report £5000 gain only in 2024-2025 (£15000-£10000)? thanks
HMRC Admin 32 Response
Posted Fri, 13 Sep 2024 14:13:02 GMT by HMRC Admin 32 Response
Hi,
You need to report it so that it can be used. You can do this by letter if you didnt need a tax return for 2023 to 2024 and send it to:
HMRC PAYE & Self Assessment
BX9 1AS
Thank you.
karlng321
Posted Fri, 13 Sep 2024 14:17:10 GMT by karlng321
can i report the loss online if i also need to report the self assessment this year?
HMRC Admin 21 Response
Posted Mon, 23 Sep 2024 10:48:11 GMT by HMRC Admin 21 Response
Hi,
You can only report online through a self assessment tax return. If you do not complete self assessment tax returns, then your loss claim must be in writing, with supporting evidence.
Thank you.

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