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CGT limit to carrying losses?

gar_29 · 2009-05-28 12:08:13

i sold a number of shares this year, at a loss. i'm not going to make any other capital gains for a while yet. can i offset these losses against gains in the future, or does it need to be in the same tax year? if not, is there a limit to the number of years? cheers!

28-05-2009 12:08pm

#1

gar_29

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i sold a number of shares this year, at a loss. i'm not going to make any other capital gains for a while yet.

can i offset these losses against gains in the future, or does it need to be in the same tax year? if not, is there a limit to the number of years?

cheers!

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#2 28-05-2009 12:26pm

namenotavailablE

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You can carry them forward to use against future gains (except for gains on development land, I believe).

I don't think there's any time restriction but not absolutely 100% sure of that.

Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm

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#3 28-05-2009 3:19pm

censuspro

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They can be carried forward indefinetly

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#4 28-05-2009 7:55pm

gar_29

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cheers guys!

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#5 29-05-2009 2:41am

terencemc

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In relation to this, would the Nationalisation of Anglo be counted here?

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#6 01-06-2009 9:26pm

CheltenhamJ

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losses likely to become more valuable also if cgt continues to increase, yes also likely to apply to Anglo , similar provisions applied to Northern Rock in the Uk

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