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Reporting Losses on Shares
Sobeboy15
Posts: 46 Forumite
in Cutting tax
Good Morning,
Ive scoured the internet to try and find an answer but have failed so far.
I don't complete a self assessment form due to PAYE however I have sold a number of shares and have made a capital loss on them. In order to utilise this loss going forward, I need to report this to HMRC.
Is there a form to fill in or is it just a case of sending them a letter? Where would I send this letter and how do I identify myself would it be my NI number.
I know that with the reduction in CGT I will need to use those losses sometime in the future.
Thanks
Ive scoured the internet to try and find an answer but have failed so far.
I don't complete a self assessment form due to PAYE however I have sold a number of shares and have made a capital loss on them. In order to utilise this loss going forward, I need to report this to HMRC.
Is there a form to fill in or is it just a case of sending them a letter? Where would I send this letter and how do I identify myself would it be my NI number.
I know that with the reduction in CGT I will need to use those losses sometime in the future.
Thanks
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Comments
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Use your NI number:Sobeboy15 said:Good Morning,
Ive scoured the internet to try and find an answer but have failed so far.
I don't complete a self assessment form due to PAYE however I have sold a number of shares and have made a capital loss on them. In order to utilise this loss going forward, I need to report this to HMRC.
Is there a form to fill in or is it just a case of sending them a letter? Where would I send this letter and how do I identify myself would it be my NI number.
I know that with the reduction in CGT I will need to use those losses sometime in the future.
Thanks
From HMRC:
Reporting losses:
Claim for your loss by including it on your tax return. If you've never made a gain and are not registered for Self Assessment, you can write to HMRC instead. You do not have 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.
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