Nice one - Does this include companies going bust like Monticello (sorry fellow holders)?

Posted by mikeyw on 14/January/2004 at 10:33:

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:

: : Guys,

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

: : Say I lost £10K 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:

• Yep >>> BP 14/January/2004 at 10:36 (1)
  • Yes, shares of negligible value.... Typo 14/January/2004 at 10:40 (0)

Post a Followup

Warning
Share prices can go down as well as up. Users of the Information Exchange should seek professional advice before entering into any dealing in securities as a result of references on the Information Exchange. Past achievement is not necessarily a guide to future performance.

Username:
E-Mail:
Include email address in posting:	YesNo
Password:
Need a password? - Click Here
Subject:
Comments:	: : : Guys, : : : What's the position regarding carrying losses forward to the next tax year ? : : : Say I lost £10K 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.

---