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Hello,
I am noticing from doing questions that sometimes you can save the personal allowance when carrying back a loss but sometimes this is not allowed. I don’t suppose you could tell the rule to remember for when you can and can’t save the personal allowance when carrying back a loss?
Thanks,
AlexI am also confused that sometimes it seems like you can only carry back the loss on other losses which are relevant to the loss e.g trading losses with trading losses, but not capital gains etc. However other times you can put the loss against all income or gains. Would it be possible to also let me know the rule for when it is one of the other?
Many Thanks,
Alex
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