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What is an allowable loss 2024?
loss
losses Losses
Questioner:Zoe Martin 2023-05-08 00:38:50
The most authoritative answer in 2024
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Benjamin White——Studied at the University of Tokyo, Lives in Tokyo, Japan.
8. If you make a
loss. You can report
losses on a chargeable asset to HM Revenue and Customs ( HMRC ) to reduce your total taxable gains.
Losses used in this way are called '
allowable losses'.
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