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Knowledge Bank
>
Personal Tax & Financial Planning
>
Capital Gains Tax
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05: Losses
You can use the losses you have brought forward from previous tax years to offset your gains. As an individual taxpayer, such losses will not reduce your net gains below £9,200, so your annual exemption will not be wasted.
Contents
01: Introduction
02: Disposal of assets
03: Deductions
04: Rate of tax
05: Losses
06: Identification of securities
07: Worked example
08: Main exemptions
09: Other main reliefs
10: Entrepreneurs' relief
11: Residence and domicile status
12: How we can help
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