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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Trading losss – relief against capital gains
Hi
After setting off tot income of the current year we can, claim relief of capital gains
The rule is lower of
Relevant amt and maximum amt
The maximum amt is calculated as follows:
NEt capital gains less captial loss B/F
But we set off the trading loss before considering captial loss B/F.. Then why do we include it while calculating maximum amount?
The simple answer – thats the rule. Sorry
