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CGT Computation Losses Calculated the same way as gains

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Presentation on theme: "CGT Computation Losses Calculated the same way as gains"— Presentation transcript:

1 CGT Computation Losses Calculated the same way as gains
A loss on the disposal of an asset can be offset against gains arising in the same year Losses not used in current year can be carried forward When a loss is carried forward it is used before the annual exemption is applied

2 CGT Computation Losses
Losses arising on the disposal of assets to a connected person can only be offset against gains arising on subsequent disposals to the same person.

3 CGT Computation Restrictions in relation to indexation relief and the 6th April 1974 rule Cannot increase a loss Revert to actual loss Cannot increase a gain Revert to actual gain

4 CGT Computation Restrictions in relation to indexation relief and the 6th April 1974 rule Cannot turn an actual gain into a notional loss No gain/no loss applies Cannot turn an actual loss into a notional gain


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