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Loss Reliefs

AAJY8y ago
I don't understand opening year loss reliefs How can you claim opening year losses for 3 preceding tax years when you have not started trading during those periods?
TTTax Tutor8y ago#1
Going back to my earlier comments re your question on higher skills - this shows that you have basic technical weaknesses that you need to deal with. Have you worked through all / any of the lectures?
AAJY8y ago#2
Yes I have and I see that the terminal loss relief from the self-employment in your example was taken three years backwards to offset employment income in the past. I hope this is what you meant.
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