You can carry fwd your OVERALL loss for up to 6 yrs >>

Posted by barney rubble on 14/January/2004 at 10:27:

In Reply to: CGT - Carrying losses forward ? posted by mikeyw on 14/January/2004 at 10:20:

( ibelive it is six) and set it against the next years(and subsequent if appropriate) overall profit.

: What's the position regarding carrying losses forward to the next tax year ?

: Say I lost Ł10K in one company could I carry that forward to offset against CGT profits the next year ?

: As I understood it this was not possible but a colleague claims it may be.

: Regards,
: Mike.

Follow Ups:

Not quite true. There is ***NO*** time limit.... Typo 14/January/2004 at 10:52 (0)

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Comments:	: ( ibelive it is six) and set it against the next years(and subsequent if appropriate) overall profit. : : : What's the position regarding carrying losses forward to the next tax year ? : : Say I lost Ł10K in one company could I carry that forward to offset against CGT profits the next year ? : : As I understood it this was not possible but a colleague claims it may be. : : Regards, : : Mike.