Capital Gains Tax Frequently Asked Questions Q. What if I make a loss?

A. If you make a loss on the sale of a property, you still need to declare it. However, it can be utilised against any capital gain incurred in the same or subsequent period. For example even if a loss was realised on the sale of your house, it can be used against any chargeable gain incurred on the sale of other assets such as shares, land etc.