CGT carry forward losses
Posted: March 20th, 2024, 3:49 pm
If I make a CGT profit that exceeds my CGT allowance, do I have to utilise carry forward losses, or can I chose to pay the tax and keep my carry forward losses for use in a later tax year?
Background...
* I have about £15,000 of carry forward GCT losses
* This tax year & next I will have unused basic rate band - thereafter I expect to pay higher rate tax for evermore
* Although I have used my CGT allowances every year, I have accumulated and hope to continue accumulating CGT profits well in excess of the reduced CGT allowance
Background...
* I have about £15,000 of carry forward GCT losses
* This tax year & next I will have unused basic rate band - thereafter I expect to pay higher rate tax for evermore
* Although I have used my CGT allowances every year, I have accumulated and hope to continue accumulating CGT profits well in excess of the reduced CGT allowance