Peter

Hi, Just a quick clarification please. I sent written notification of the 2021/22 loss (circa £1.4k) to HMRC in Sept. I have not submitted yet my 2023/4 return, but will not be utilising the loss in that year. ((1) How will I establish if HMRC have accepted the loss against any potential gains in future years? (2) Also, having sent notification can the loss be carried forward indefinitely? Thanks

Ok, Thanks for confirming.

Hi, thank you for answering with my first question. Please could you also advise on my second query? As I wish notify/declare to HMRC a CGT loss on the sale of UK shares, in 2021/22. Can I do this on my 2023/24 return or do I need to complete a separate form? If it’s the former please confirm the section on the return. If the latter please can you confirm the form or process that I need to use. Thanks

Hi, I’m in the process of completing my tax return for 2023/24. Do I need to report a Capital Gain on the sale of UK funds if the total gain is below £6,000 and the total proceeds were under £50,000? Also, I wish to notify/declare to HMRC a CGT loss on the sale of UK shares, in 2021/22. Can I do this on my 2023/24 return or do I need to complete a separate form? If it’s the former please confirm the section. If the latter please can you confirm the form that I need to use? Thank you

Hi, This makes clear, thank you.

A further question please on my OEIC Unit Trust. My annual service fees since 2016 amount to several thousand pounds. Are these charges an allowable expense in proportion to the value of units sold in a tax year? If so, is it within "Incidental costs of acquisition" Thanks