- posted 5 years ago
I had always believed that, for personal taxation, a capital loss could onl y be carried forward for a limited number of years (to be offset against a capital gain made in a subsequent year). However, the HMRC now seems to sa y that you can carry it forward indefinitely.
Did the legislation change at some time, or did I misremember it?
Perhaps the limited carry-forward applied only to CGT of the estate a decea sed person and I am muddling it with that.
Would anyone care to enlighten me please?