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Posted Tue, 22 Aug 2023 16:51:42 GMT by cgtqman
I made a capital loss in 21-22 and reported this value in the 'Losses available to be carried forward' field on my 21-22 SA tax return. For 22-23 my capital gains were below £12,300 (without having to use the 21-22 loss) and so I don't need to fill in the CGT section (and the online system won't let me access this report as none of my 22-23 CGT events meet the criteria for this section to be included). Do I need to re-report this historic carried forward loss somewhere on the 22-23 return so that it continues to be available for use in future years?
Posted Tue, 29 Aug 2023 14:28:06 GMT by HMRC Admin 32 Response
Hi,

As long as the capital gains losses are declared in the tax return for the year in which they arise, there is no need to include them in each tax return to carry them forward.  When you choose to utilise those losses in a future tax year, you would complete the box "Losses brought forward and used in-year" in the losses and adjustment section.

Thank you.
Posted Wed, 30 Aug 2023 08:55:21 GMT by cgtqman
Excellent - thank you!

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