Page 56 - F1 Integrated Workbook STUDENT 2018
P. 56
Chapter 2
2.1 Capital losses
Most countries keep capital losses separate from trading activities.
Possible ways of relieving capital losses are:
Carry forwards against future capital gains.
Carry back against previous capital gains.
Offset against trading income in the current period.
Most countries only allow capital losses to be carried forwards against future capital
gains but the examiner will explain the rules of the country in the question.
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