Section O
935. Self-Assessment – Capital Gains Tax 2013
(a) Amount of chargeable gains arising for this period
To me it looks like the above chargeable gain is the sum calculated after allowable losses have been deducted, including losses carried over from a previous year. Can anyone confirm this?
This is what the revenue note says on this:
This is the amount of chargeable gain after reliefs which are deductible from gains have been deducted, but before any personal exemption.
For me I end up with a net loss after loss carried over from previous year is applied so personal exemption is not invoked. This is detailed clearly enough in Section L but in Section O 935 I end up with zeroes in all the boxes. Is this how it should look?
935. Self-Assessment – Capital Gains Tax 2013
(a) Amount of chargeable gains arising for this period
To me it looks like the above chargeable gain is the sum calculated after allowable losses have been deducted, including losses carried over from a previous year. Can anyone confirm this?
This is what the revenue note says on this:
This is the amount of chargeable gain after reliefs which are deductible from gains have been deducted, but before any personal exemption.
For me I end up with a net loss after loss carried over from previous year is applied so personal exemption is not invoked. This is detailed clearly enough in Section L but in Section O 935 I end up with zeroes in all the boxes. Is this how it should look?