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Opening Year Loss Relief

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Opening Year Loss Relief

  • This topic has 2 replies, 2 voices, and was last updated 8 years ago by yceng1.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • August 17, 2017 at 2:05 pm #402214
    yceng1
    Member
    • Topics: 10
    • Replies: 7
    • ☆

    Dear Tax Tutor,

    Is Opening Year Loss Relief applicable also to tax adjusted loses for corporation tax?

    Thanks.

    August 20, 2017 at 4:02 am #402531
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    NO! There are different rules for individuals (unincorporated traders) compared to companies dealt with in different chapters of the notes – they must be learned separately and not confused.

    August 21, 2017 at 7:45 am #402720
    yceng1
    Member
    • Topics: 10
    • Replies: 7
    • ☆

    Dear Tax Tutor,

    Noted and thank you.

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    Posts
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