CGT loss offsetable?

[JamieBeeston]

Just a quickie, accountant is on holiday atm.

Can I offset a CG Loss against my personal tax?


Ie, bought some shares, sold some shares for a loss.. is there anything I can do with this loss on my Self Assessment.

ta

[dazren]

Can't be offset against income.

Should be able to carry it forward unless you've used the loss against gains in the period.

DAZ

>> Edited by dazren on Wednesday 11th January 15:54

[Eric Mc]

Yep, offest against other gains in period or future gains.

Some CGT losses cannot be offset against anything.

[JamieBeeston]

thanks guys.

Thought it was too good to be true.. shame.. the loss would've eaten a large chunk of my exposure (damn tech stocks!)

Enjoy

J