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Where Taxpayers and Advisers Meet

Any time Limit on Claiming Capital Losses

mwgregg
Posts:5
Joined:Wed Aug 06, 2008 3:48 pm
Any time Limit on Claiming Capital Losses

Postby mwgregg » Sat Oct 15, 2016 8:58 pm

I incurred a loss of £130,000, investing in US Tech stocks between 2000 and 2005; all of the stock was purchased in 1999/2000 and sold between 2000 and 2005.
Do HMRC have any time cutoff to offset these losses against future capital gains?
I have recorded these losses each year on my Self Assessment Tax Return
I AM SELLING A UK buy to let property which I acquired in 2000 for £65000, for a price circa £180000.
My questions will I be able to offset the loss on Stock investment against the Capital gain on the Investment Property

bibescu
Posts:25
Joined:Tue Sep 21, 2010 9:33 am

Re: Any time Limit on Claiming Capital Losses

Postby bibescu » Sun Oct 16, 2016 10:28 am

https://www.gov.uk/hmrc-internal-manual ... al/cg15810
,,any balance must be carried forward without time limit and deducted from chargeable gains accruing in the earliest later year''.


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