• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

Unrelieved Trading losses

Forums › ACCA Forums › ACCA ATX Advanced Taxation Forums › Unrelieved Trading losses

  • This topic has 0 replies, 1 voice, and was last updated 1 year ago by kinyuwong.
Viewing 1 post (of 1 total)
  • Author
    Posts
  • June 22, 2021 at 8:13 am #626036
    kinyuwong
    • Topics: 8
    • Replies: 5
    • ☆

    Hi,

    I am using BPP workbook on FA2020, this is about activity 9 on essential reading chapter 15.

    1) For the loss relief amount of 14,100 to claim against general income, does that mean that on cessation of trade, even if a trader does not choose to use the terminal loss relief, he can still use the overlap profit to offset against current and / or previous year general income?

    2) The answer mentioned an amount of 750 (14100 – 13350). I don’t understand what is the meaning of this figure. Can anyone help to explain? Thanks.

  • Author
    Posts
Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • Manuga on ACCA AB Chapter 18 – The nature of communication – Questions
  • Manuga on MA Chapter 17 Questions Budgeting
  • Manuga on Budgeting part 4 – Cash Budgets – ACCA Management Accounting (MA)
  • John Moffat on MA Chapter 2 Questions Sources of Data
  • John Moffat on The Management Accountant’s Profit Statement – Marginal Costing – ACCA Management Accounting (MA)

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy