ACCA TX chapter 6 illustration 1 (p.68)

BBart2y ago

I found something I do not understand in Illustration 1 for chapter 6 It is said that trading losses can be only carried forward when used towards trading profits whare as in this illustration some of the trading profit (20,000) is being used against trading profit in a preceding year after using 50,000 allowance against income. Is it a rule not explained in the book or it is simple mistake ? Thanks BB

P2-D2Tutor2y ago#1

Hi I think you've posted this in the wrong forum. If you post it in the tax one then you will get your answer. Thanks

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