Hello sir,
Tax year 2017/18. 2018/19. 2019/20
Gains. 2000. 4000. 14600
Losses. (14000). (2000). (2000)
The allowable loss carried forward to 2020/21 will be :11400
In the solution , after gains and CY losses when we calculate AEA why it’s (0) in 2017/18,(2000)in 2018/19 ,(12000) In 2019/20
And also Losses c/f 12000 in 2017/18 ,12000 in 2018/19, 11400 2019/20 ?
Ask the Tutor ACCA TX-UK
Chargeable gains
Have you worked through the OT study notes and lectures - specifically here Chapter 12 section 2 and worked example 7?
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