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capital lossess!!

This topic has 1 reply, 2 voices, and was last updated 13 years ago by Ysbq.

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October 12, 2012 at 2:17 pm #19633
arp786
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please tell me can we carry back the “capital losses” to 3 yrs against chargeable gain @ cessation or death of the person ??
plzz reply ASAP
October 29, 2012 at 8:07 am #56485
Ysbq
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On the event of Death of a taxpayer the capital losses can be carried back to 3 years against chargeable gains on LIFO basis, meaning the gains of latest year preceding the year of death will be used to set-off capital losses of year of death.
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