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Second Opinion: retired but haven't been a resident in the
Second Opinion : Hi I'm British retired but haven't been a resident in the uk for over 20 years for the past two years I have been living in Cyprus I own a house in the uk that Is rented I have return… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACIS
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A self employed person has losses brought forward. Must they
Hi Tony, a self employed person has losses brought forward. Must they use them in the following year against any profit made? Am I correct in thinking you can't keep them and offset them in a future y… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,928 satisfied customers
Hi there - apologies if I am duplicating a previous thread,
Hi there - apologies if I am duplicating a previous thread, but i will try to be specific. I am taxed in the UK. I am in the process of selling a property in France which I own privately - when it tra… read more
Tony Tax
Tony Tax
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High School or GED
11,928 satisfied customers
Hello I have unused capital gains losses over the last 3
Hello I have unused capital gains losses over the last 3 years which I did not claim for on the self assessment notices for those periods (tax years ended 2009, 2010 and 2011). Is it possible for me t… read more
TaxVince
TaxVince
Senior Accountant
Master's Degree
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Do I have to use capital losses brought forward from previous
Do I have to use capital losses brought forward from previous years against a gain arising in the current year. I have a gain arising on a French property but have paid French tax on the disposal. The… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,571 satisfied customers
For my (delayed) 09/10 UK tax return we are offsetting my income
For my (delayed) 09/10 UK tax return we are offsetting my income tax with the capital allowances allowed relating to our French property that we rent out. Can we also add in (somewhere) the brought fo… read more
Tony Tax
Tony Tax
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High School or GED
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My company has made made losses which have been brought forward.
My company has made made losses which have been brought forward. In order to save it I have sold company proerty and made gains. My accountant tells me that I cannot set off losses brought forward aga… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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Our Accountant wants tto know what section of the act allows
Our Accountant wants tto know what section of the act allows a company's losses brought forward to be offset against current Capital Gains he says they are not… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
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A UK based limited company, whose principal activities are
A UK based limited company, whose principal activities are the management & development of property (in the UK, specifically in the RBKC in London), acquired 117647 ordinary 4p shares in an unquoted c… read more
berduchwal
berduchwal
Accountant
Licenciatura
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Hi Andrew, another question for you - you wont recall what
Hi Andrew, another question for you - you wont recall what I said in my other question, perhaps, but I live outside UK and am completing UK tax return for a flat I rent out and has never made a profit… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
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I have traded shares, CFDs and spread betting. I have made
I have traded shares, CFD's and spread betting. I have made a big profit on the shares but losses on spread betting/ cfd's. I made a loss for the previous tax year and I know I can use this to offset … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,928 satisfied customers
Hello, I have made some significant schedule A and capital
Hello, I have made some significant schedule A and capital gains tax losses over recent tax years regarding property investments. Is there any way I can offset any of these losses against the followin… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,928 satisfied customers
Mr S bought a car registration plate 30 years ago for 15,000.
Mr S bought a car registration plate 30 years ago for £15,000. Mr S is a controlling shareholder in a successful building company which is still bringing forward losses from earlier years and he wants… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
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I have been involved as a director with a ltd company the company
I have been involved as a director with a ltd company the company has made losses if I now resign and leave the company can I offset the losses against my personal tax, I put monry into the company I … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,928 satisfied customers
I have previous years losses from buy to let, which i understand
I have previous years losses from buy to let, which i understand i can carry forward to future years against buy to let profits (but not other profits from my work). I have two lodgers at the moment, … read more
Sam
Sam
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Higher Officer HMRC
6,571 satisfied customers
2 years ago I was involved in an unsuccessful company that
2 years ago I was involved in an unsuccessful company that I loaned approx £100,000 to, sourced from a sale of shares (my unofficial pension) and savings. The shares were not in the failed company in … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,928 satisfied customers
i bought a holiday let for 250k and sold it 18months later
i bought a holiday let for 250k and sold it 18months later for 350k - i then bought another holiday let for 250k. I also have buy to let rental properties and i am carrying forward losses from this. C… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
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Self Assessment Question Im going to have a large capital
Self Assessment Question: I'm going to have a large capital loss on the disposal of quoted shares in this tax year. I made a large taxable gain on the disposal of shares in the previous year. Will it … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
11,928 satisfied customers
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