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This is a question from a UK-based tax-payer.Can

Resolved Question:

This is a question from a UK-based tax-payer. Can liability to CGT be reduced by a profit loss on a business?

The business is being run as a sole trader, and a loss in the past has reduced a personal tax liability on a pension. Thank you.

Submitted: 1 year ago.
Category: Tax
Expert:  Sam replied 1 year ago.
Hi
Thanks for your question
Sadly no as they are two different tax streams and the loss previously against the pension are both the same tax streams (Under Income tax legislation) where capital gain is a completely different tax regime
Sorry the news is not better
Thanks
Sam
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