BryanBoy Shaw

HMRC Admin 25 Thank-you for responding. Because I have no other Capital Assets I will never have a Capital Gain against which I could deduct the loss on the property. Hence my original question was can, I use the Capital Loss and offset it against my Income Tax liability?

I should add, the property wasn't a buy to let and I'm a private individual not a business.

I sold a second property at a loss. I have no other capital assets. Can I offset that loss against my income tax liability?