As I understand it you are not allowed Partial Claims and only allowed to carry back 12months ...however say if you made a loss in 2008/09 20,000 and you income in 2006/07 was 22,000 what would you do with the 2,000 excess .Is this lost or can you make a S.83 claim the next year?
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TXTrading Losses -S.64 Left over Partial Claims
Hi thank you for your reply .I understand so it can only be either carried forward fully or back fully not both.
Thank you very much your answer has really cleared up my misunderstanding!
Thank you very much your answer has really cleared up my misunderstanding!
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