Gladys Chan
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Gain & Loss of trading stocks with capital gain allowance
In this tax year 2023-24, I gained £10,000 for trading US stocks but incurred £15,000 losses while trading HK stocks. Can I firstly deduct £6,000 capital gain allowance from the gain £10,000, and then offset the remaining £4,000 gain from the loss (£15,000), and finally I can carry forward this year's £11,000 loss to the next tax year for offsetting future capital gain?