dangerhere
Registered User
- Messages
- 83
How many years can one go back to claim CGT losses?
Time limit on claiming CGT loss relief
- Thread starter dangerhere
- Start date
Brendan Burgess
Founder
- Messages
- 52,223
I don't think that there is a limit, but there are strict rules.
You must elect to use the loss in the actual tax year. So if you have a loss from many years ago and you want to claim it now for 2005, you can't. You have to send a letter now to the Revenue electing to claim it for this year.
When you elect to use your loss, you must use the loss first before the annual exemption.
Brendan
You must elect to use the loss in the actual tax year. So if you have a loss from many years ago and you want to claim it now for 2005, you can't. You have to send a letter now to the Revenue electing to claim it for this year.
When you elect to use your loss, you must use the loss first before the annual exemption.
Brendan