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Post Info TOPIC: Loss On Cessation
Stevie2929


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Loss On Cessation
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Hi All,

Any advice on the following would be greatly appreciated.

I have a client who has a loss carried forward from last year 2015/16.

Can anyone tell me if he ceases trading in 2016/17, can this loss be relieved  ?

 

Kind Regards

Stephen



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Artois


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Posts: 1313
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Hi Stephen

My understanding is you can carry forward your losses and set against profits of the same trade and in your final year you can claim terminal loss relief   

 



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice
Stevie2929


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Posts: 17
Date:
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Thanks Doug,

Just as I thought. Much appreciated.



Regards
Stephen

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