C · Glossary
Capital loss
A loss when you sell a chargeable asset for less than you paid; offsets future gains.
A capital loss is what you have when you sell a chargeable asset for less than you paid. Capital losses are first set against gains in the same tax year, with any excess carried forward indefinitely against future gains.
Losses must be claimed (notified to HMRC) within 4 years of the year they arose to be useable.
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