Capital losses off set for disposal during 16/17:

[Kiran]

Now that tax rates are different on residential property gains (18% 28%) and on other capital gains (10%, 20%); I wonder if losses of share dealing can still be off set against the capital gains of buy to let residential properties. Can some one confirm please. thanks.

[RMC]

Yes, capital losses are set off first against capital gains of the same tax year.

[maths]

TCGA 1992 s4B provides for capital losses to be offset in the most beneficial manner (eg against gains tax ed at 28% first).