Questions And Answers
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Offsetting trading losses against Capital Gains
I am coming to the end of a particularly bad year of trading, and believe that I have made a loss of £20,000 for the tax year. I had to sell a rental property I own in the tax year to supplement my living expenses. I estimate that this will realise a capital gain after reliefs of £50,000. Can I claim relief for some of my trading losses against the Capital Gain on my rental property?
First published 5 Dec 2012
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First published 5 Dec 2012