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Posted Sun, 22 Oct 2023 22:02:13 GMT by
By trading stocks, I made a loss £50000 last year and gained £10000 this year. To offset this year gain by last year loss, please advise if I should put '£10000' in the box 45 of SA108 (Losses brought forward and used in-year) or elsewhere. Also, how can I notify HMRC that there is still £40000 eligible for offsetting future gains? Many thanks.
Posted Thu, 26 Oct 2023 10:24:39 GMT by HMRC Admin 25 Response
Hi Ben716,
If you are referring to the 22/23 tax tax year, your gains are covered by your annual allowance so you would not need to put a figure in box 45.
You can put the details of your losses, a full breakdown would be required - on the additional information section so that HMRC are aware that you have these losses to be carried forward for later use.
Thank you. 

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