SQE1 sample questions

Question 66

A woman does not make any disposals for Capital Gains Tax (CGT) purposes in the 2025/26 tax year. She made £2,000 losses for CGT purposes in the 2024/25 tax year.

Which of the following statements best describes the woman’s CGT position?

A. She can carry forward both her £2,000 losses and her 2025/26 annual exemption indefinitely until she has an opportunity to use them.

B. She can carry forward her £2,000 losses indefinitely until she has an opportunity to use them and can carry forward her 2025/26 annual exemption to 2026/27 only.

C. She can carry forward her £2,000 losses to 2026/27 only and can carry forward her 2025/26 annual exemption indefinitely until she has an opportunity to use it.

D. She can carry forward her £2,000 losses to the 2026/27 tax year only and cannot carry forward her 2025/26 annual exemption at all.

E. She can carry forward her £2,000 losses indefinitely until she has an opportunity to use them and cannot carry forward her 2025/26 annual exemption at all.


E - She can carry forward her £2,000 losses indefinitely until she has an opportunity to use them and cannot carry forward her 2025/26 annual exemption at all.

Candidates who answered correctly: 35%


 

Ready to register for the SQE?

Create your personal SQE account and book your assessments.

Register for SQE 

Have you passed the SQE?

Find out what happens after passing the SQE and admission to the roll of solicitors.

Learn more

SQE News

Stay up to date with SQE news and important announcements.

News Register for SQE news alerts

Register for the SQE?

Create your personal SQE account and book your assessments.

Register for SQE