Self-assessment - Capital losses

Might I spread them over one or more Financial (fiscal) year(s)? If affirmative, what do I need to do?

Hi,

Capital losses must be used in the year they arise first before being classed as unused to carry forward. You can see guidance here:

CG18030 - Annual exempt amount: losses

Thank you.

Hello, Thank you for your reply. I need further help as I miss the point. During year 2022/2023 I had a loss of about £ 7,000 and I had not any capital gain. You wrote capital losses must be used in the year they arise before being classed as unused to carry forward. The attached link to your reply is too complicate and I try to keep simple this issue. In other words, should I report my lost in the 2022/2023 self-assessment in order to be classed and as unused to carry forward? Please, let me know.

Hi MaDaSe,

If you are not able to utilies the loss in the year it arises, you can carry the loss forward to a future tax year.  
You report the loss as arising in 22/23, in your tax return and in the losses and adjustments section, you show what you want to do with the losses.
Have a look at SA108 and the notes

Self Assessment: Capital gains summary (SA108)

The same boxes are shown on the online tax return.

Thank you. 

Thank you