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Form CG1 Quick question - unused losses for carry forward

  • 20-10-2019 8:15pm
    #1
    Linkstr
    Registered Users, Registered Users 2 Posts: 28 ✭


    Hi all,
    I have a quick question regarding the form CG1.
    I have had losses two years in a row, and now I would like to carry the entire amount to 2019.
    Can you please tell me whether "18. Unused Loss(es) for carry forward to 2019" should contain only the amount that I lost in 2018, or do I need to specify the entire amount to carry forward(2017 losses + 2018 losses) ?

    Thanks !


Comments

  • #2
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,890 ✭✭✭✭Calahonda52


    the lot

    “I can’t pay my staff or mortgage with instagram likes”.



  • #3
    Linkstr
    Registered Users, Registered Users 2 Posts: 28 ✭Linkstr


    Nice, thanks !
    Should I also specify the amount from prior years in the section "Amount of unused Loss(es) from prior year(s) available for, and offset against chargeable gains above" ? Since I have an overall CGT loss in 2018 I believe I need to specify the entire amount from prior years :confused:


  • #4
    Calahonda52
    Registered Users, Registered Users 2 Posts: 12,890 ✭✭✭✭Calahonda52


    Linkstr wrote: »
    Nice, thanks !
    Should I also specify the amount from prior years in the section "Amount of unused Loss(es) from prior year(s) available for, and offset against chargeable gains above" ? Since I have an overall CGT loss in 2018 I believe I need to specify the entire amount from prior years :confused:
    Thats my understanding, I have a 150,000 loss from 2010 I am carrying so it will see me out!

    “I can’t pay my staff or mortgage with instagram likes”.



  • #5
    travist
    Registered Users, Registered Users 2 Posts: 255 ✭✭travist


    Can you bring that loss forward each year for as long as you want to reduce it?
    150k realised loss? :(


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