Example 7 of CGT for individuals.. in the video, you explained how it's possible to simply use b/f capital losess/current year and the AEA to offset capital gains without wasting the AEA. Is this permissible in the exam?
Do I get marks for doing this?
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CGT
I can decide to use the AEA fully and as a balancing figure, offset any remaining gains
It is ONLY the b/f capital loss that is used in this way to reduce the net gains of the tax year down to the level of the AEA - and in so doing avoid wasting the AEA of the tax year and being able to c/f the balance of the b/f capital loss to the next year
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