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Capital gain

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I have calculated a capital gain in 2018/19 below the annual exemption threshold. I have a capital loss in 2017/18. Do I have to offset this loss against the gain or carry forward the losses and the gain covered by the annual exemption? 

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Psycho
By Wilson Philips
26th Jun 2019 23:26

If the gain is covered by annual exemption the losses are preserved.

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By peinvicta
15th Nov 2019 18:32

Can anyone help-I have a caiptal gain which is offset by a previous years capital loss, therefore no tax to pay, but I need to account for it as the sale lead to the bank balance increasing. Therefore it needs t go in the balance sheet, but I'm nit sure where, as its not on the P&L

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Replying to peinvicta:
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By Wanderer
15th Nov 2019 18:48

peinvicta wrote:

Can anyone help-I have a caiptal gain which is offset by a previous years capital loss, therefore no tax to pay, but I need to account for it as the sale lead to the bank balance increasing. Therefore it needs t go in the balance sheet, but I'm nit sure where, as its not on the P&L


https://beta.companieshouse.gov.uk/company/04604300/filing-history
https://beta.companieshouse.gov.uk/company/06948563/filing-history

You have in the past quoted policies such as:-

Turnover policy
gross without vat

Turnover
100228 (yes you've said that is the policy!)

Tangible assets policy
flat rate 18% used

You have filed several sets of accounts which are non compliant.

You need to stop winging it and appoint a professional.

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