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Trading in both these areas can expose you to Capital Gains Tax (CGT) on the net gains made in the year. You have an Annual Exempt Amount of 11.3K [17/18] and 11.7K [18/19] to offset gains. Any net losses cannot be used against other income, only carried forward to future years. You will have to self assess annually to account for your activities. I advise you to keep comprehensive records of your trades.
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Yes, that is what I am saying in this instance. Losses can be carried forward indefinitely. Capital gains made elsewhere can be offset, but be careful not to waste your AEA, that is a 'use it or loose it' [HMRC's words not mine] concession.
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You should take steps to amend your last year's return.
When you make a self assessment you must pay the tax due by 31 January in the year following ie for the 18/19 yest by 31 January 2020.
It would be a good idea to advise your tax office of the situation. They may well ask you to self assess.
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