Do I need to declare losses, is there any point?
As I understand it losses in one year cannot be offset against gains in the following year.
Is that correct?
thanks Joe90, i thought they could only be offset in the same year...my bad, but thats good news. is there a limited timeperiod over which those losses can be acrued/carried over?
also i assume unrealised gains do not have to be declared?
I was completing my Form 11 for 2013 via ROS earlier today. I have a capital loss relating to a sale of shares in 2013, however when I tried inserting a negative figure in the CGT section I get the following error message:
'Cannot have a value less than 0 or greater than 99999999'
I've tried using the minus and also brackets but neither work. Am I updating my loss in the wrong area or is this a ROS technical issue?
Thanks.