Readers' forum: Carry forward limits

As far as I am aware capital losses can be carried forward indefinitely but I am unclear on whether there are other conditions relating to this. I have a client who had capital losses at 5 April 2014. He is liable to income tax at the higher rate.

Let’s say that the total loss at that date was £200 000. In 2014/15 he made a capital gain of £300 000 which is eligible for entrepreneurs’ relief and would in other circumstances be taxed at 10%. In the current year he has disposed of an investment property and this has made a gain of £100 000. He does have some other investment properties that have also increased in value although – as far as I am aware – he has no plans to dispose of these. I have two questions.

For losses brought forward can...