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Posted Sun, 20 Nov 2022 01:27:16 GMT by gn43
Hi, I'm getting an error with "29. Loss brought forward from earlier years set-off against 2021-22 profits" with any value that I entered. I have made sure the following: - The loss is less than the profit of this year. - The loss is the same as (or less than) the amount for "35. Total loss to carry forward after all other set-offs" in last year's tax return. - The loss is less than £6,150 (Not sure if this is necessary, source: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1063020/sa108-Notes-2022.pdf P8 Box 45) I have been bringing forward the loss and have used parts of it over the past few years with no problem. Not sure what I did wrong this time. Any help will be appreciated! Thank you for your time! :)
Posted Tue, 22 Nov 2022 14:15:54 GMT by HMRC Admin 32
Hi,

Box 45 of SA108, "losses brought forward and used in-year", is only for losses carried foward from an earlier year that reduce your gains to the annual exempt allowance.  

For 2021 to 2022, the annual exempt allowance is £12300.  

You can only utilise this box for losses that can be utilised in this year.

Thank you.

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