Alan Webb

The tax on gains is at different rates depending what is sold. Losses are set against gains and reduce the net gain chargeable at relevant rates. If your property gains and share losses are in 23-24 (arising post 5/4/2023) you will have property gains for the year of £36k and share losses of £10k leaving a net gain (after annual exemption £6k) of £20k. taxable @ 18% as arising on the property. Allocate the loss in the most beneficial fashion rate-wise so if instead you had: Property gain £30k, share gain £6k & share losses £10k the loss and annual exemption go against property gain. You still have a net gain after annual exemption of £20k but that is taxed £14k re property @ 18% & £6k re shares @ 10%

HMRC Admin 25 why are you referring to trade losses in a question about CGT losses unless kloeriou sacm really does mean stock of a trade rather than stocks & shares? kloeriou sacm - What do you mean by "I sold over 49000£ worth of stock last year"? Is this in a business you are running like a shop holding trading stock to sell in the business (as HMRC as presumed) or do you mean stocks and shares in companies? If you mean sales of stocks & shares on which you had £10000 gains and £30000 losses then you have £20000 net losses to carry forward against future capital gains in excess of the annual exemption.

Jose, as before you would only put b/f losses in the "Losses brought forward and used in-year: (optional)" Box as required. The other box is for losses arising in the year. Adding Losses b/f to "Losses in the year: (optional)" will double count the losses and confuse the system I believe that you understand that: - Losses b/f are only used to reduce net gains for the year to the Annual Exemption. - Losses arising in the year go against gains of the year before considering the annual exemption.

The correct entries would be (a). The other will double count the brought forward for relief