Loss Claims
This guide explains how to manage loss claims in My Tax Digital — instructions for making claims to use a current-year loss against income.
1. The Loss Claims List
The Loss Claims screen shows all loss claims for the current tax year. Each entry shows the business name, loss type, claim type, and the date it was last modified.
- Claim type — How the loss is being utilised (e.g. Carry forward).
- Last modified — The date and time the claim was last updated.
Click + Add to create a new loss claim, or click an existing entry to update it. Claims can be reordered using the Reorder button — the order determines the priority in which claims are applied.
2. Creating or Updating a Loss Claim
| Field | Description |
|---|---|
| Income source | The business the loss relates to. |
| Type of loss | The category of the loss. See the table below. |
| Type of claim | How you wish to use the loss. See the table below. |
Loss types
| Type | Description |
|---|---|
| Self Employment | A trading loss from a self employment business. |
| UK Property | A loss from a UK property business. |
| Foreign Property | A loss from a foreign property business. |
Claim types
| Type | Description |
|---|---|
| Carry forward | Carry the loss forward to set against future profits from the same business. |
| Carry sideways | Set the loss against other income in the same tax year. |
| Carry sideways FHL | Set a Furnished Holiday Letting loss sideways against other income. |
| Carry forward to carry sideways | Carry the loss forward with the intention of setting it sideways in a future year. |
Click Delete to remove an existing loss claim, or Submit to save your changes.
