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Shares loss
meanbean
Posts: 170 Forumite
in Cutting tax
If I made a loss on a share sale of £500 (on a UK business listed on the FTSE), would I be able to record it as an income tax loss on my self assessment submission? I thought not as the shares were issued after 6/4/98, and on a recognised stock exchange but I just wanted to double check.
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Comments
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If I made a loss on a share sale of £500 (on a UK business listed on the FTSE), would I be able to record it as an income tax loss on my self assessment submission? I thought not as the shares were issued after 6/4/98, and on a recognised stock exchange but I just wanted to double check.
Capital Gains tax loss maybe, nothing to do with income tax.The only thing that is constant is change.0 -
So personal tax allowance and CGT are separate allowances?0
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Ah.... yes they are, I've worked it out now. No need to reply
http://www.moneysavingexpert.com/banking/tax-rates0 -
You can carry the loss forward but you have to use it against future profits before you use the CGT exempt amount.The only thing that is constant is change.0
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