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  • RE: Carrying forward CGT loss

    Dear HMRC, I understand that an in-year capital loss must be used first against any other capital gain made even if that means I lose out on the annual exempt amount. Do I also understand correctly that if my overall capital gain - after deducting all capital losses- is below the annual exempt amount that I do not need to report it (i.e. all separate capital losses and gains) in my self assessment return?