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Trading losses on options

Posted Wed, 31 Jan 2024 15:17:55 GMT by
Dear HMRC, On Jan 2023, I have CGT gain of full premium of selling an options and reported to HMRC in taxable year 2022/2023, later on , when I buy back the corresponing option before expiration, the losses are generated on June 2023, Those lost would be treated as CGT allowable loss and it can be repoted to HMRC for tax allowance and it can reduce the capital gains on coming time of taxable year 2023/2024? Am I correct? Is there is any relief that allow to claims back those monies after settlement of the options on taxable 2023/2024. Thx
HMRC Admin 2
Posted Fri, 02 Feb 2024 11:04:50 GMT by HMRC Admin 2
Hi,

Yes, that is correct.

Thank you.

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