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Loss Reliefs

This topic has 2 replies, 2 voices, and was last updated 7 years ago by mjibola.

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April 20, 2018 at 8:33 am #448228
mjibola
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I don’t understand opening year loss reliefs
How can you claim opening year losses for 3 preceding tax years when you have not started trading during those periods?
April 23, 2018 at 4:24 am #448492
Tax Tutor
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Going back to my earlier comments re your question on higher skills – this shows that you have basic technical weaknesses that you need to deal with.
Have you worked through all / any of the lectures?
April 23, 2018 at 9:59 am #448515
mjibola
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Yes I have and I see that the terminal loss relief from the self-employment in your example was taken three years backwards to offset employment income in the past. I hope this is what you meant.
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