What does "Are you making any claims or elections" mean when I tried to record capital loss?

Hi, This is the first time I reported "Capital Gains" section. In fact, I'm using "Capital Gains" section to report "capital loss" to carry forward in the future. My capital loss came from selling 2 stocks. So I have a couple of questions. Hope anyone can help with. Hi, In "Capital gains" section, after I listed 2 stocks , there is a "Chanlge listed shares summary". At the bottome of this page, there is a question "Are you making any claims or elections?" What does this mean? Can anyone help to explain? In my case, I just wanted to make claims of capital loss (to carry forward), should I answer "yes" or "no"? Thanks a lot for your help! Meanwhile, happy new year!

Hello. I too have often wondered why they don't explain what an 'election' is! As I now understand it, (and I am very much NOT an expert) a claim is the usual procedure for the sort of thing which you describe, where you are talking about specific amounts of money to be set against tax, for example. An election is a statement which alters the basis on which the tax calculation is made, for example you might elect to be treated as non- domicile, or something like that.