Tim Carver

When you say FHL losses can only be set against future FHL profits does this mean trading losses or does it include capital gains too? The Gov.UK when you follow the link on allowable losses when establishing final taxable gain (as below) suggests carried forward losses are allowable offset in the CGT calculation is that right? "When you report a loss, the amount is deducted from the gains you made in the same tax year. If your total taxable gain is still above the tax-free allowance, you can deduct unused losses from previous tax years."