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As per textbook, Chargeable Gains are allocated to the period in which they are realized.
But in one of the revision kit, they took a net of loss (incurred in 12 month period) and gain (incurred in next 3 months) and added the net gain to the 3 month period.
Doubt: Shouldn’t we take Loss in 12 months period and gain in 3 months period?
If a company has a net capital loss in an accounting period – what does it do with it? Carry it forward to set off against future chargeable gains in future accounting periods.
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