Hi, I am an executor of a deceased estate, and director of a family trust, both in the same family, so the beneficiaries of both are mainly the same. This year the trust made a substantial one-off capital gain, which must be distributed to beneficiaries. However, the estate has been carrying forward a capital loss from a couple of years ago (you could call it an ABC "learning" experience). I know that normally capital losses are carried forward within the estate, for credit against future capital gains. Question: is it possible to "pre-emptively" distribute the estate's capital loss, so that the beneficiaries - in their personal tax returns - can offset it against the gains distributed from the trust, this year? Corollary if the losses can't be distributed: The estate will be wrapped up in the next year or two. The unrealised capital gains are much less than the carried-forward capital losses, so even at the final reckoning there will be a net capital loss. Is it possible then to distribute the capital loss to beneficiaries, or does it just get written off?