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Posted Mon, 09 Dec 2024 10:05:13 GMT by peter ellis
My wife sold a second property she owned at a capital loss. (a) Can she offset this loss against gains on shares in future years? (b) Is it sufficient to note the loss on the tax return or do we have to submit a claim using another form or letter? Many thanks for your guidance.
Posted Fri, 13 Dec 2024 08:59:36 GMT by HMRC Admin 20 Response
Hi,
Yes.  
Your wife will have to submit a claim to carry the losses forward, either in writing or in her self assessment tax return, if she completes one.  
In either case, both will require that you submit supporting evidence, including a calculation showing how the loss arises.
Thank you.

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