capital gain loss from previous years

[tinhp]

As a PAYE worker I sold shares in 2004 at a loss . I did not 'register ' this
loss . In 2008 I sold shares at a profit which would have had capital
gain tax implications . I did not contact revenue on either transaction .
The losses of 2004 far outweigh any profit in 2008 . I am now being
asked to fill in an 11 form for 2008 . Can I apply my losses from 2004
Thanks in advance

 

[Chris]

As far as I know you will need to declare your losss first in order to be able to use it against you tax liabilities. As a PAYE worker, why are using Form 11; you should be able to declare capital gains and losses through form CG1.

 

[tinhp]

I was no longer a PAYE worker in 2008 .
I have since learn't there is a limitation of 4 years to declare a loss with CG1
so I guess the loss will have to be ignored .

 

[Nige]

I have since learn't there is a limitation of 4 years to declare a loss with CG1
so I guess the loss will have to be ignored .

this isn't true.

there is a four year limit on claiming refunds. There is no limit on using losses.

Submit your 2008 return and utilise the loss. Submit a 2004 return too. Make sure you have all the documentation required from your 2004 transaction.