jpeachey1974
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Historical Capital Gains Loss
Hello, and thanks in advance for any help. This year, for the first time, I have reported CGT profits on shares sold from work. I have never reported any CGT profit or loss before. However, it has come to my attention that I may be able to offset some of this gain a with loss on sale of a residential property. I only lived there for 9 months (i believe there was a 36 month rule at the time?) due to a breakdown in a relationship in 2008/2009. Lost 10k when sold the place (+ stamp duty etc) due to the financial crisis. My question is - is there a time limit for this loss and if I would be alllowed to reduce my gain in the last tax year? I have already submitted my return but I still have time to amend it. Just trying to confirm my understanding of the rules. Cheers,
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