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Talam Co makes sufficient profits from its other activities to take advantage of any tax loss relief.Does it illustrates that loss arising in one trading period cannot be offset with profit in other tax year
Hussein7, welcome to the Opentuition forums. It’s hard to know with certainty without additional context (I don’t have the question in front of me). My educated guess would be that the implementation would be that if a loss were created by taking on a certain project, then this could be relieved by profits on other activities thereby reducing effective loss. Hope this helps.
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