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# Carry forward stock losses for CGT on 2022-23 Self Assessment

Posts: 76 Forumite
edited 15 March 2023 at 12:24AM
Hi all

Assume I have disposed of UK shares and made gains/losses as follows in the 2022-23 tax year (thus far) :

Share A = £1000
Share B = £2000
Share C = £3000
Share D = -£750

The CGT annual exempt amount is £12,300. I believe I can report a gain of £6,000 for 2022-23 and carry forward the -£750 loss to a future tax year, is that correct?

Or do I need to report a total gain of £5,250?

Edit 1:
https://www.gov.uk/capital-gains-tax/losses

HMRC seems to state you do not need to report losses straight away - you can claim up to 4 years after the end of the tax year that you disposed of the asset.

• Posts: 10,517 Forumite
You calculate the net capital gains position for the year. In your case it is £5,250 so your loss is wasted. Had the loss arisen in the previous tax year, you would not have needed to offset it against the gains of £6,000.
• Posts: 0 Newbie
edited 15 March 2023 at 8:51AM
Hi all

Assume I have disposed of UK shares and made gains/losses as follows in the 2022-23 tax year (thus far) :

Share A = £1000
Share B = £2000
Share C = £3000
Share D = -£750

The CGT annual exempt amount is £12,300. I believe I can report a gain of £6,000 for 2022-23 and carry forward the -£750 loss to a future tax year, is that correct?

Or do I need to report a total gain of £5,250?

Edit 1:
https://www.gov.uk/capital-gains-tax/losses

HMRC seems to state you do not need to report losses straight away - you can claim up to 4 years after the end of the tax year that you disposed of the asset.

‘Using losses to reduce your gain’
• Posts: 76 Forumite
You calculate the net capital gains position for the year. In your case it is £5,250 so your loss is wasted. Had the loss arisen in the previous tax year, you would not have needed to offset it against the gains of £6,000.
Thanks. But it seems according to the HMRC website I do no need to report the loss and have 4 years to do so if I wish?
• Posts: 10,517 Forumite
You calculate the net capital gains position for the year. In your case it is £5,250 so your loss is wasted. Had the loss arisen in the previous tax year, you would not have needed to offset it against the gains of £6,000.
Thanks. But it seems according to the HMRC website I do no need to report the loss and have 4 years to do so if I wish?
That is where you have no gains, just a loss.

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