OwenEJT saysAugust 24, 2024 at 11:09 pm16:30 MCQ1 – why is (55,000) not offset against 9,000 gain in prior year for (46,000) carried forward?Log in to Reply
EncyMathews1 saysSeptember 21, 2024 at 3:50 pmi think its only can net off against current year gainLog in to Reply
Ejueyitsi-Toju saysJanuary 23, 2025 at 9:34 amcapital gains cannot be carried backward when the biz is an existing one, it can only be carried forwardLog in to Reply
OwenEJT says
16:30 MCQ1 – why is (55,000) not offset against 9,000 gain in prior year for (46,000) carried forward?
EncyMathews1 says
i think its only can net off against current year gain
Ejueyitsi-Toju says
capital gains cannot be carried backward when the biz is an existing one, it can only be carried forward