We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Capital loss carry forward
Options
WinTogether
Posts: 14 Forumite
in Cutting tax
Hi, I have taken quite a loss on some shares. These distressed shares were effectively taken on by another company (it was deemed a merger). I still hold shares in the new company.
My question was, when does the capital loss get registered from a tax perspective? On the merger or when I actually decide to sell the shares of the new merger shares?
Ie when do I need to register this on my tax return so that I can use it to offset future gains I hopefully make!
My question was, when does the capital loss get registered from a tax perspective? On the merger or when I actually decide to sell the shares of the new merger shares?
Ie when do I need to register this on my tax return so that I can use it to offset future gains I hopefully make!
0
Comments
-
CGT only comes into play when you dispose of the shares:
https://www.gov.uk/guidance/capital-gains-tax-share-reorganisation-takeover-or-merger
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards