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in which cicumstance we use cap rules for loss relief ??
The question name smantha, in kaplan kit they use rules of cap
However in bpp kit in approximately same q but diff figures they used normal rules. Against total income then carried forward.
I’m stuck plz clarify.
I do not have those kits so cannot answer your question from what you have told me
Could u answer in which cicumstance we use cap rules for loss relief ??
It is used when applying relief against total income of current tax year or preceding tax year and is applied as per OT course notes p.49, section 4 (c) and as demonstrated in the illustration Louise Serr