Capital losses are allocated in a set order and so can play an important part in tax planning when considering the sale of assets, e.g. shares, or when making the correct calculation for your self-assessment tax return. The use of capital losses where entrepreneurs’ relief is involved can be particularly difficult.
The Capital Gains Tax Loss Planner works out the most tax-efficient use of in-year and brought forward capital losses taking into account the effect of entrepreneurs’ relief where appropriate.