Can I offset a capital loss from a previous property sale against a current capital gain to reduce my overall capital gains tax bill this financial year?
Quick Answer
Allowable capital losses can be offset against current capital gains, reducing your overall Capital Gains Tax (CGT) liability. Unused losses can be carried forward indefinitely if correctly reported to HMRC.
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Learn how to offset capital losses against gains to reduce CGT on UK property. Allowable losses can be carried forward, saving thousands on a 24% tax rate.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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