Like loss relief for a company, does trading loss relief also have a limit of 12 months for carry back relief? Is it current then carry back 12 months and then carry forward? This is excluding the 4 years of trading rule for when a business has started trading and 3 years carry back for cessation.
Ltd Co losses are more restrictive than for sole traders. You must do a current year claim before you carry back 12 months with any balance c/fwd. There is no special opening years loss relief.