How does the CGT raise affect realized capital loss before 30 Oct?

Hi team, Suppose I have 10000 realized capital loss before 30 Oct and I make 10000 realized capital gain after 30 Oct, is the taxable net gain is 10000 and is taxed at the new tax rate of 24%, or the loss and gain are calculated separately? Also, is it the same for realized loss carried forward in previous year? Thanks. Regards, Simon

Hi team, Hope you are well. Could you please advise? Thanks. Regards, Simon

Hi,
For this example, your in year losses would cover the gain so no CGT tax is due. In year losses must be used first even if it means you lose out on the annual exempt amount. Previous year's losses, or any unused in year losses, can be carried forward and used when required.
Thank you.