Losses-Companies

This topic has 2 replies, 2 voices, and was last updated 9 years ago by Nafisha.

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February 26, 2017 at 3:53 am #374249
Nafisha
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Hi,

Given that both losses are deducted from total profit, If a company has both trading and property losses in one year, which is deducted first?
February 27, 2017 at 10:06 am #374520
Tax Tutor
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Property business losses would be set off first
February 27, 2017 at 12:58 pm #374545
Nafisha
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Thanks.
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