1148 - Losses to be deducted from your gains and the gains after applying taper relief

Total gains after taper relief and total losses brought forward and used, if any, should be entered in the capital gains summary.

Please note that this is a stand-alone calculator. The calculation will not be saved so you may wish to print a copy for your records.

Losses are set against gains in the most beneficial way to you. They are deducted first from gains that will have the highest percentage rate remaining chargeable after applying taper relief (but losses are set against your gains before applying taper relief).

Losses of the current year are deducted before losses brought forward from earlier years. Losses brought forward are used only to the extent necessary to reduce the total of all gains to the annual exempt amount for the year, £9,200. Unused losses may be carried forward to later years.

The totals in the columns headed 'Losses brought forward and used' and 'Gain after taper relief' are those which you should enter the capital gains summary page.