What happens if my account has a negative balance when I sell all of my investments?

If your account has a negative balance when you sell your investments, this becomes a realised loss.

Use losses to reduce your gain

Realised losses can offset realised gains, reducing your overall tax liability. If your losses exceed gains, you can also carry them forward to future years, potentially reducing your tax bill down the road. 

Reporting losses

You do not have to report losses straight away - you can claim up to 4 years after the end of the tax year that you disposed of the asset.

Read more on realising gains and losses on our Learning Hub.

Remember, tax treatment depends on your individual circumstances and may be subject to change.

See gov.uk for more information on Capital Gains Tax

Still have questions?

Contact support@nuwealthapp.com and our dedicated Customer Support team will be more than happy to help.