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Hi, many thanks for your efforts.
If an individual had £30,000 loss to carry back against a previous year’s total income where the total income was £41,450 and they paid CGT at 28% on their capital gains of £20,000 would I be right in having to recalculate the CGT tax liability at 18%?
Yes if a loss reduces total income and thus taxable income then that may put taxable gains back in the 18% band!
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