CGT losses - declaration and utilisation

Hi, I would like some clarity as to how I should record some trading losses on my self assessment please. These would be in the ‘Other assets, property and gains’ section. Last year I declared a loss that I could carry forward of £8000. I also expect to have a loss that I could carry forward from this year of £3000. I would not be using any of the previous loss. How should I record this on this year’s form? Do I put the cumulative total of both losses into the box ‘Losses available to be carried forward’. ie. £11000. Many thanks

Hi,
You need to report the losses for this year by way of the capital gains section to show the disposals. Your previous years losses would then be carried forward along with this years.
Thank you.

Thanks for replying but I’m afraid that hasn’t answered my question. Do I put on the cumulative total on this year’s form (ie. The sum of this year and last year’s losses)? Or just the total for this year?

Hi ,
 

Any previous years losses will be declared in the losses brought forward section . Thank you .