Can I set off income losses against Gains?

Put the amount of any allowable trading losses that you want to set against chargeable gains in box 16. This should be the lower of:

• the total losses you can claim

• the amount required (after setting off capital losses for the year) to reduce the gain to zero

• Click on the CAPITAL GAINS PAGE

• Click ADD GAIN

• Select LOSSES from the drop down list

• Enter the amount you wish to set off a Gain 

• Click SAVE