Capital losses
You'll learn how capital losses work in taxation and how to use them to reduce your tax bill. This video covers netting off gains and losses in the current year, carrying forward unused losses to future years, and understanding the key restriction that capital losses can only offset capital gains—not other income.
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In this lesson
- 0:00 Capital losses and asset sales
- 0:11 Netting gains and losses annually
- 0:20 Carrying forward capital losses
- 0:35 Current period relief mechanics
- 0:59 Ring-fencing capital losses rules
About this lesson
Essential knowledge for the TX paper, where capital loss relief is a core relief mechanism you need to apply correctly in exam scenarios.
Duration: 1m
Transcript
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