Have you reported your Capital Losses?

As Property Investors, we tend to sell properties, which means we have to pay Capital Gains Tax or we may even make a capital loss. What do you need to do when you make a capital loss to ensure you can use it in the future.
In this video, you will discover:
What is a capital loss?
Where do you need to report a loss?
What is the time limit for reporting capital losses?
Thanks for tuning in to the video.
The address for where to write to HMRC with your capital losses is here:
www.gov.uk/gov...
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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.
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[@DC-yj5nj]

Thank you for clarifying that you need to write to HMRC to preserve a capital loss for the future if you are not completing a self assessment. Much appreciated.

[@kimberleyshapcottpropertytax]

your welcome

[@drjanemccartney]

Thanks always useful

[@kimberleyshapcottpropertytax]

you are welcome.

[@matthewherbert5940]

What about Ltd capital losses?

[@kimberleyshapcottpropertytax]

These are reported on the corporation tax return which needs to be filed each year to HMRC. They will be included each year so no specific reminder needed for logging them with HMRC.

[@AvinashSingh-vj3rk]

❤

[@kimberleyshapcottpropertytax]

Thanks