Hi, looking for a bit of advice, a client of mine is forming a limited company but has previously filled losses of £14k in 2009 with another limited company which ceased trading. Can these losses be used against any profits made with the new company. The previous accountant advised that the losses stay on file with Companies House? Each company is/was in different trades.
Im struggling to find any relevant information on HMRC it seems a grey area.
I'm with Rob, if the original company has been dissolved.. However, if the previous accountant has made such comments, I wonder if the company has ceased trading and become dormant, and the accountant was thinking of a group situation?? Way over my head that sort of stuff, so don't know whether that would be an allowable situation, buts it an interesting post.
