Carry Forward Capital Loss

Do I have to use a Carried Forward Capital Loss to offset against a (net) Capital Gain in the Current Year, or can I leave to to potentially use against future years gains?

Hi,
You can still carry them forward. It is only same year losses that need to be used against same year gains.
Thank you.

Hi, I have recorded a capital loss on my SA tax return for tax year 2014/15 and requested to carry it forward. Did I need to do anything else in the following tax years to carry it forward or will it carry forward indefinitely until I want to use it? Cheers

Hi
If already reported, no. It will be there until you need it.

“When you report a loss, the amount is deducted from the gains you made in the same tax year.” Is that the year in which you report the loss, or the year in which you incurred it? Thanks

 Hi,
In year capital losses are used first against capital gains even if it means you lose out on the annual exempt amount. Any unused losses can then be carried forward to use when required. If you make a loss in a year with no gain in the same year, these losses are also carried forward until you need them.
Thank you.