Chapter 6 Tax Adjusted Trading Losses – Individuals TX-UK FA2023
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Illustration 1 in the third video shows that we can use the full amount of profit from the same trade when we relieve a previous year loss.
However, I thought you can only use profit from the same trade to relieve losses when you carry forward. That’s what the tutor explained in video one.
The MCQ1 doesn’t mention a salary for 2023/24 so have you made an assumption or have I misunderstood the question
sorry should have watched the whole thing
What rule did you used in example 2 ?? And why deduct 38000 in 2021/22 like you did in year 2022 /23 and why cant we used c/y
The last lecture is about terminal loss. I couldn’t find lecture after you have done example 2. Is it any glitch from my end or the lecture isn’t uploaded yet.