Capital loss not carried over???

Capital loss not carried over???

Postby KarenF on Wed Jan 25, 2012 9:59 pm

Dear all,

I have heard that a capital loss cannot be carried over to later tax years: Is this true? This would mean quite a lot of money out the window for me.
KarenF
 
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Joined: Wed Aug 06, 2008 3:36 pm

Re: Capital loss not carried over???

Postby pawncob on Wed Jan 25, 2012 11:11 pm

Capital losses can be carried forward indefinitely.
With a pinch of salt take what I say, but don't exceed your RDA
pawncob
 
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Location: West Sussex

Re: Capital loss not carried over???

Postby King_Maker on Fri Jan 27, 2012 5:41 pm

But the Losses (post 5 April 1996) have to be claimed with HMRC to be allowable. Time Limits apply.
King_Maker
 
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