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Dear HMRC, I have a question on the definition of gaines and losses given in the SA108 Page CG2 Box 26 (Gains in year, before losses) and Box 27 (Losses in the year). If I have the trading records as follows: Trading 1: Gain £10 Trading 2: Loss £20 So, the NET Gain is £10 - £20 = -10 (i.e., Loss £10) Am I correct that the following inputs are correct: Box 26 (Gains in the year, before losses) = £10 Box 27 (Losses in the year) = £20 Thank you.

Dear HMRC, I have a query regarding the reporting of capital losses for self-assessment. Assumptions: (1) Financial year: 23/24 (2) Capital gain allowance: £6,000 (3) Capital gain on Share A: £6,000 (4) Capital loss on Share B: £6,000 (4) Capital loss on Share C: £6,000 I am aware that capital losses can be carried forward indefinitely to offset gains in future years. If I intend to declare the loss, could you please advise if the following procedures are correct: Self-Assessment Form SA108 2023: Page CG2 (1) Box 26 input: £6,000 [capital gain of share A] (2) Box 27 input: £12,000 [capital loss of shares B + C] Kindly correct me if I am mistaken. Thank you for your guidance.