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Kindly can you clear that point for me
Loss in y/e 30.9.14 186,800
Less: used p/e 30.9.13 (88,400)
Less: used y/e 31.12.12
3 months to 31.12.12
£93,000 × 3/12
(23,250)
Loss remaining unrelieved 75,150
The loss of y/e 30.9.14 can be carried back against total profits of the previous 12 months ie against the 9
month period ending 30.9.13 and 3 months of the y/e 31.12.12.from 30.9.14 to 30.9.13 ,,,,,is 12 month period,why taking 3 months more,,,,
thanks
The carry back of the loss is 12 months from the beginning of the period of loss!
The loss making period is the y/e 30/9/14 which began on the 1/10/13 so the loss may be carried back to 1/10/12.
This period includes all of the 9 month period to 30/9/13 plus 3 months of the y/e 31/12/12
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