Don't think there's a 5 year rule, plus you can only carry forward NET losses....

Posted by Typo on 14/January/2004 at 10:31:

In Reply to: Yes you can carry losses forward; think there is a 5 year limit tho (nm) posted by BP on 14/January/2004 at 10:26:

You must first deduct losses arising in the tax year from the total chargeable gains for the same year. You must deduct losses for the year, even if this results in a chareable gain after losses below the annual exempt threshold.

Suggest you read CGT1 section on losses.

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Comments:	: You must first deduct losses arising in the tax year from the total chargeable gains for the same year. You must deduct losses for the year, even if this results in a chareable gain after losses below the annual exempt threshold. : Suggest you read <a href="http://www.inlandrevenue.gov.uk/leaflets/c4.htm">CGT1</a> section on losses.

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