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Chapter 7 trading losses-individual

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Chapter 7 trading losses-individual

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by Tax Tutor.
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  • July 20, 2021 at 8:51 pm #628946
    shaneabbas123
    Member
    • Topics: 3
    • Replies: 1
    • ☆

    Hello sir
    For example 2 why was the trading loss of 2021/22 was only carried back to 2020/21 and not 2019/20 while the loss remaining was 53000(84000-31000) which would have been enough to go against the total income of 2019/20 =38000

    July 26, 2021 at 1:37 pm #629485
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    Have you watched the lecture and worked through the Study Notes?

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