Capital losses carried forward but not fully used up

joe sod

Registered User
Messages
2,586
Say for example I sold some land for a capital loss of say (20,000 euros) in 2015 and I am allowed to carry this forward

Then in 2018 I sell shares for a capital gain of 8000 euros
So I carry forward the loss of 20000 from 2015 so 8000 - 20000 = -12,000 euros

So when I use this carried forward capital loss I still end up with a capital loss -12,000 euros

My question is can I continue to carry forward this capital loss again and again until it is all used up by future capital gains ?
 
Back
Top