- This topic has 2 replies, 2 voices, and was last updated 7 years ago by .
Viewing 3 posts - 1 through 3 (of 3 total)
Viewing 3 posts - 1 through 3 (of 3 total)
- You must be logged in to reply to this topic.
Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Trading loss relief against general income
It’s a P6 question but I think an F6 topic anyway.
How many years can I carry back a trading loss to set against general income?
The book says current and preceding year as does HMRC guidance but question 2 Dana 12/12 past exam set a 15/16 loss against income in 12/13 I’m sure so I’m now confused?
Would appreciate any help 😮
I worked this out. It was because of early trading loss relief it could be carried back 3 years.
Self help is a great thing eh! Yes it’s opening years relief being applied.