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Posted Fri, 28 Jul 2023 06:47:41 GMT by Sixto Olson
I have some shares at a loss, an offshore reporting fund at a gain and an offshore non-reporting fund at a gain. Also some losses carried forward from previous years. Can I offset the losses in any order I like against the gains using first the losses in the year then those carried forward? Annual exempt amount at the end?
Posted Thu, 03 Aug 2023 14:42:45 GMT by HMRC Admin 20 Response
Hi Sixto Olson'

Any in year losses will be applied first, then the annual exempt amount and then losses brought forward to still leave any unused losses to be carried forward.

Thank you.

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