Jose Antonio Moray Serrano

Cheers, Alan. I couldn't see your first message when I replied. And I can't see the second now, but just to clarify I was replying to the admin. What you said was what I wanted to know. Thank you very much!

That is not my question at all. In fact, I started my message saying I know how to carry losses forward to use the in the future. I want to know, if you have carried losses forward in previous years, when you get to a year when you want to set the against your profits, how do you do it? All talking about Capital Gains Tax. On the self-assesstment (online) there is a box called "Losses brought forward and used in-year: (optional)". Do you simply have to type them there? Or do you also have to add them to the box "Losses in the year: (optional)".

Ok, so I know how to carry forward losses from the year and previous years, but when you get to a year you want to set those old losses against your gains, how do you report it exactly? Do you just enter then on the "Losses brought forward and used in-year" box? Or you need to add them to the "Losses in the year" box among with the actual losses in the year? For example, in case I haven't express myself correctly, if you have 10k losses brought forward from previous years. This year you're filing your tax return having 50k of gains, 5k of losses. Which way of the following two is the correct one? a) Gains in the year: 50000 Losses in the year: 5000 Losses brought forward and used in-year: 10000 or b) Gains in the year: 50000 Losses in the year: 15000 Losses brought forward and used in-year: 10000 Thank you in advance!