JimmyD83
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Capital Gains Tax Carry Forward
Hello! A not too complicated few questions I hope. So: - Tax year 2022/23 - made a capital loss of £7,191.52 from disposal of Shares Tax year 2023/24 - made a capital loss of £1251.99 from disposal of Shares, but a £5,846.16 capital gain from disposal of other Shares, therefore a net capital gain of £4,594.17 (within that year's annual CGT allowance). Tax year 2024/25 - made a capital loss of £270.89 from disposal of Rio Tinto shares (up to now) Questions: - Can I continue to carry forward the £7,191.52 capital loss made in 2022/23, or would that have been in part used up against the capital gain in 2023/24? Can I can use the £1,251.99 capital loss going forward? I assume I can't as it would have been off-set against the gain made in the same year (2023/24) Can any losses made in this tax year (including the existing £270.89 loss) be off-set against this years capital gains, or would the gain in 2023/24 have swallowed that up too? If you are unable to answer all of the questions i'd really appreciate just an answer to the first question - as more money is at stake there :) I would add that I have not yet announced any of the losses to HMRC (or the gains as they fell within annual exemption) Thank you!