Bed and ISA - loss in trading account carried forward to use against future gain?

fullmoon_2

Hello everyone,

As part of Bed and ISA strategy, I am going to sell shares worth of £15,000 in trading account and then buy back in ISA account. But it will create a loss of around £15,000 in the trading account. Yes, the shares lost around 50% of its value.

My question is, if I have no capital gain during current financial year, will it be possible to offset the loss of £15,000 from future capital gain in trading account?

Thanks in advance.

eskbanker

Yes, you can carry losses forward: https://www.gov.uk/capital-gains-tax/losses

fullmoon_2

eskbanker said:

Yes, you can carry losses forward: https://www.gov.uk/capital-gains-tax/losses

Thanks a lot eskbanker.