Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 25 Jan 2024 19:06:24 GMT by
Hello, I'm a little confused about what to put in the "Losses available to be carried forward" box for the 2022/23 tax year. My "Gains in the year, before losses" was £3,319 and my "Losses in the year" was £23,911. I'm not sure if a) the full £23,911 losses are able to be carried forward because £3,319 is less than the CGT allowance of £12,300 b) or the losses available to be carried forward are £23,911 minus £3,319 = £20,592 Thanks for your help
Posted Tue, 30 Jan 2024 09:44:23 GMT by HMRC Admin 8
Hi,
The losses are set against your gains, before the annual exempt allowance is applied, so the loss to carry forward would be the reduced figure.  
Please have a look at:
Capital Gains Tax: what you pay it on, rates and allowances
Thankyou.
 

You must be signed in to post in this forum.