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Group Relief Claim and Past year Trade loss.

This topic has 1 reply, 2 voices, and was last updated 8 years ago by Tax Tutor.

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December 3, 2016 at 2:05 pm #353422
CKLP
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Dear Sir,
In calculating maximum loss (As group relief) claimable by claiming company, do we need to deduct past year trading loss from Trade Profit figure. (Please give an example.)
Thanking you.
December 4, 2016 at 11:47 am #353682
Tax Tutor
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In the claimant company trading losses b/f take priority to current period losses and therefore must be deducted from trading profit in determining the max amount of group relief available to be claimed
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