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Posted Mon, 04 Dec 2023 09:59:11 GMT by soluble
Hi, I am a BNO VISA holder with my BNO Visa approved on 20 July 2022, and I entered UK on 29 Nov 2022 and have lived in UK since then and until today (4 Dec 2023). I am wondering how my investments losses from 6 Apr 2022 to 5 Apr 2023 could be carried forward to the next tax year (From 6 Apr 2023 to 5 Apr 2024), that my investments losses to be allowed to carry forward to the next tax year are counted from 6 Apr 2022 to 5 Apr 2023 or from 29 Nov 2022 to 5 Apr 2023, which 29 Nov 2022 is the date I actually started to live in UK. Thanks.
Posted Wed, 06 Dec 2023 14:54:47 GMT by HMRC Admin 5 Response
Hi 

If you are refering to capital losses, then please refer to guidance here Capital Gains Tax: what you pay it on, rates and allowances

Thank you
Posted Wed, 06 Dec 2023 15:11:55 GMT by soluble
Thanks for your reply. My concern is whether my capital losses from 6 Apr 2022 to 29 Nov 2022 could be carried forward to the next tax year (From 6 Apr 2023 to 5 Apr 2024), which I was actually out of UK during the period from 6 Apr 2022 to 29 Nov 2022. Thanks.
Posted Thu, 07 Dec 2023 16:17:29 GMT by HMRC Admin 25 Response
Hi soluble,
If you do not use them then yes.
Please note though, any inyear losses need to be used first if you have any gains in the same year, even if this means you lose out on the annual exempt allowance.
Thank you. 

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