Capial gains tax loss in later period- how to claim

Austria!

I sold some shares for a profit during the inital period (Jan 1-Dec 1). The capital gains tax has been paid. Form cgtA has been posted.



I sold some other shares for a loss during the later period (Dec 1-Dec 31). This loss can partially offset my gains and reduces the overall amount of cgt I should pay for the whole year by 10000. How do I claim back the tax? Do I have to send a cgtB form?

SCKGroup

Losses can be used against gains in the same tax year, or they can be carried forward for use against gains in future tax periods, provided you don't fall foul of the "bed and breakfast" provisions (i.e. you did not buy back your shares within 28 days of the disposal date).

One way to claim to loss back would be to file a CGT1 form, there is a section in the form which will allow you to enter the amount of tax overpaid for the period. Alternatively, If you are subject to self-assessment for tax purposes (i.e. you have non-PAYE income, and file a Form 11 tax return each year), you could claim the refund in your tax return for 2018 which is due to be filed by 31st October 2019.

Austria!

So I don't send off a cgtB form? And there's no way of getting the money until I file for tax for 2018? I don't think they release the forms for CGT1 forms for 2018 until about June...