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HMRC internal manual

Capital Gains Manual

HM Revenue & Customs
, see all updates

Relief for losses: example


Mrs C’s agreed gains and losses are:

Total gains £20,000
Total losses (£25,000)
Net losses (£5,000)

The losses of £5,000 are carried forward to be relieved against future gains, see CG21530.

The net chargeable gains of the year are nil and no CGT is payable. The annual exempt amount is not utilised and may not be carried forward.