Question:
Can I use the unused part of my tax allowance from previous years to reduce the capital gains tax (CGT) owed?
Arthur Weller replies:
It is not clear from your question, but I think you are referring to the CGT annual exemption. Any amount unused in a tax year cannot be carried forward to a future tax year. See HMRC's Internal Capital Gains Manual at CG18000 (tinyurl.com/mta7zk6w).
