How far back can I use a capital loss?
1:50 PM, 23rd January 2017, 9 years ago
5
Categories:
Does anyone know how far back I can use a capital gains loss?
I made a massive loss in 2011 and never thought to use it, so I am looking if it can be used now?
I carried out a google search and it said 4 years, but does anyone know for sure if this is correct?
The amount of loss was £500k, so I am praying that this is right and I can use it in my 2015/16 returns.
Thanks
Paul
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
or
Next Article
Building Societies are winning the mortgage rate war
Member Since January 2011 - Comments: 12207 - Articles: 1403
3:45 PM, 23rd January 2017, About 9 years ago
So far as I am aware there is no time limit for rolling over capital losses.
For professional advice which is personal to your particular circumstances please consult your accountant.
.
Member Since April 2015 - Comments: 23
10:59 AM, 24th January 2017, About 9 years ago
I have not come across any time limit regarding offset of capital losses however , if a limited company there may be issue regarding carry forward of losses into a profit making company if the nature of the trading – to make the profit – has changed . Check with your accountant .
Member Since January 2011 - Comments: 12207 - Articles: 1403
11:06 AM, 24th January 2017, About 9 years ago
Reply to the comment left by “Michael Jones” at “24/01/2017 – 10:59“:
Accumulated losses cannot be rolled into a company at the point of incorporation.
.
Member Since July 2013 - Comments: 1434
9:54 PM, 26th January 2017, About 9 years ago
I presume that you entered the loss in your tax return for that year.
If not, then you will need to update your return for that year (if that is still possible).
Member Since May 2016 - Comments: 1570 - Articles: 16
6:34 PM, 28th January 2017, About 9 years ago
I always thought it was 6 years, but not certain.