Offset CGT against previous year Capital Loss

carpetrug

Registered User
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7
Hi

Is a company allowed to offset a capital loss on selling a commercial property in the previous trading year against a CGT gain from selling publicly traded shares in this trading year?

Thanks for your replies
 
Yes, capital losses can be carried forward against future gains. I'm assuming that the gain on shares was a capital transaction and not a trading one. The presumption would be capital unless the company was doing a lot of investments.
 
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