Capital Loss

Hello, I disposed some listed shares between September and November 2023. Each listed shares made a loss unfortunately. On the other hand, I have never make any gain in other capital asset disposal up to this moment. Could I report the capital losses until I submit my tax return for tax year 6th April 2023 - 5th April 2024? Pls comment. Thanks.

Hi mkcchan,
You have 4 years from the end of the tax year that the losses arises, to report them.  
Leave it any longer and it is too late to claim them!  
You can carry forward your losses and set them against a future gain.  
If you are required to complete a tax return, you claim the losses through that.
If you don't, then a letter with supporting calculation is required.
Thank you.

Hello. I have a similar question to what was asked above, which was partially answered here. If I do not have sufficient gains to report, but I do have significant loses from the last several years. HMRC admin 20 mentioned a letter with supporting calculations to prove the loses. Could I please have a link to an example, for when I need to do mine? Thanks

Is a note of capital losses previously declared shown on the personal tax account?

Hi princekras,

There is no link to an example as eveyone would have diffrent details to report. You need to report the losses within 4 years of the year in which they arose in order for them to be allowable, so anything prior to 2018 to 2019 can no longer be considered.

If you have spreadhsheets of your figures you can send these as your figures with a covering letter asking for the details to be noted.

Thank you.

Hi ALSto,
Not normally as this will have been done on your tax return or by a letter.
Thank you. 

Hi. In the letter to HMRC where I want to report losses. I plan to include the transactions list from the last 4 years from my investment account. And a portfolio overview where it shows multiple positions I have closed/sold at an overall loss. Would that be sufficient evidence? The screenshots + transaction script includes time and date as well. Also where should the letter be sent? Thanks

Hi,

Yes this will be sufficient.

Thank you.

Hi Admin, @hmrc admin 18 where does the letter need to be sent to?

Hi,
Claims for losses that are made in writing, should be posted to:
H.M. Revenue and Customs,
Self Assessment and PAYE,
BX9 1AS 
Thank you.