Postby billyboy26 » Fri Jul 25, 2008 8:56 am
I thank all of you for trying to sort my CGT question out. Yes I am also confused. However, I am now going to simply advise the tax ofice (as in my (a) question) that I have made gains of £15,126 and losses of £8,900. Therefore, overall only a £6226 gain. After AE9200 this means nil tax due. I simply hope then the £2974 of unused loss can be carried forward and later be used as a loss from an "earlier year." If not then that is the law. I dont think I understand "you cannot choose to use some losses and not others" I take that to mean you add them all up and then bank any unused losses for later years. Don't worry I guess the thread has got out of hand and contradictory. Thanks again to all