CGT losses carried forward......

[Sepoy]

I’ve been tidying up my share portfolio and the sales have resulted in a capital loss for the previous year (2016/17).

I’ve just submitted my self assessment for 2017/18 and sold no shares this year, so haven’t needed to use any previous losses to offset gains.

The previous years’ losses were not mentioned, so are they still there, and (if so) how long can I carry them over before they expire?

Many thanks in anticipation.

[bd6759]

As long as the losses were notified to HMRC, they can be used whenever you make a gain. They do not expire.

[TaxAdviser2018]

The losses to be carried forward can be reported in box 47 of page CG3 of the capital gains tax return and you may wish to included any additional information relating to the losses in box 54.

[foxmccloud]

As long as the losses were notified to HMRC, they can be used whenever you make a gain. They do not expire.

What if they were not notified in the year they occured? Can the OP notify the HMRC this year or in subsequent years instead?

[maths]

Claims for capital losses may be claimed for up to 4 years after the end of the tax of incurrance.