This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Reclaim already paid CGT on house sale

sapstar
Posts:5
Joined:Tue Jan 25, 2022 6:34 pm
Reclaim already paid CGT on house sale

Postby sapstar » Tue Jan 25, 2022 6:54 pm

I have sold a property in the tax year 2021/22 and paid the CGT during this sale. Subsequently in the year I have made a loss in sale of shares. Would I be able to reclaim some of the CGT I have already paid.

pawncob
Posts:4877
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Reclaim already paid CGT on house sale

Postby pawncob » Tue Jan 25, 2022 8:42 pm

Current year losses can be used against gains in the same year. (So Yes)
With a pinch of salt take what I say, but don't exceed your RDA

sapstar
Posts:5
Joined:Tue Jan 25, 2022 6:34 pm

Re: Reclaim already paid CGT on house sale

Postby sapstar » Wed Jan 26, 2022 3:24 pm

Current year losses can be used against gains in the same year. (So Yes)
Thank you.

sapstar
Posts:5
Joined:Tue Jan 25, 2022 6:34 pm

Re: Reclaim already paid CGT on house sale

Postby sapstar » Wed Feb 16, 2022 5:48 pm

A followup question on this. I have some stocks with unrealised losses. If I sell these stocks today at a loss and buy them again, can I use these losses to claim CGT already paid against my property sale this tax year?

bd6759
Posts:3744
Joined:Sat Feb 01, 2014 3:26 pm

Re: Reclaim already paid CGT on house sale

Postby bd6759 » Thu Feb 17, 2022 12:38 am

As long as you don’t fall foul of the bed and breakfasting rules.


Return to “Capital Gains Tax, CGT”