Trading loss30 Mar 2020 00:36
Hi all over the past few years I’ve moved my shares to my and my wife’s ISA account hoping this will one day deliver, as most of you know I’m suffering way over 100k loss here, I’m wondering if I need to report the loss to hmrc somehow as when the shares were moved to My isa account they were sold by the broker and bought again, can anyone help? am reading the hmrc stuff but it’s so ever confusing, is there a form I need to fill ? From what I read so far I can only offset 4 years worth of loss against Future profit before 5th of April ... can anyone offer some help here on how to do it?? Does that mean that when I invested for eg 200k of my own money here and this ever materialise I will need to pay tax on that 200k.., this is so confusing any help would be greatly appreciated...