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Posted Sat, 22 Jun 2024 14:44:00 GMT by drew Powell
I have some US shares and wish to sell them. At present there is capital losses if I do sell them. Can you please advise how I record these losses on my tax return and also advise me if the losses can be counted against capital gains in future years. Many thanks
Posted Wed, 26 Jun 2024 14:14:20 GMT by HMRC Admin 5 Response
Hi 

There is no requirement to report losses to HMRC.  
If you want to claim for losses and carry the losses forward to a future tax year, you would declare the losses in the capital gains section of the online tax return or SA108 paper supplementary page.
 In the relevant shares section, you would show the disposal value, your allowable costs and the resulting the loss.  
In the losses and adjustment section, you would declare that you wish to carry the losses forward.  
Capital Gains summary (2024).  
Capital Gains Summary notes

Thank you
Posted Thu, 27 Jun 2024 12:45:00 GMT by drew Powell
Ok many thanks

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