CGT - loss on sale of one property offset against gain on another ?

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oldnick

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If, in the same year, I sell one property which has made a gain and is thus liable to CGT, and sell another which has lost value, can that loss be offset against the gain on the first ?

If I sell only the loss making property in the year can i carry forward that loss to the second -or any future - year when i sell the property that gained value?
 
AFAIK , Yes the a loss on disposal can be offset against a CGT gain on another property in the same year. The loss can not be carried back. If not utilised in the current year you can carry forward a CGT loss against a future gain but you should declare/claim the loss on yr tax return for the year in which the loss was made and indicate that the loss is to be carried forward.
 
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