Trading losses HELP!!!

GoldenRetreiver
GoldenRetreiver Registered Posts: 64 Regular contributor ⭐
Hi does anyone know in a nutshell how far back Ltd companies can go and sole traders against trading losses - not when they are commencing or at cessation i.e. are they different from each other

Comments

  • popcornlpw
    popcornlpw Registered Posts: 30 Regular contributor ⭐
    you can go back one year.
  • GoldenRetreiver
    GoldenRetreiver Registered Posts: 64 Regular contributor ⭐
    Thanks, is that for both ltd companies and sole traders?
  • popcornlpw
    popcornlpw Registered Posts: 30 Regular contributor ⭐
    yes, you r right...its for both sole trader & Ltd
  • GoldenRetreiver
    GoldenRetreiver Registered Posts: 64 Regular contributor ⭐
    many thanks, just be so pleased when they are all over - tax is definitely my worst subject
  • popcornlpw
    popcornlpw Registered Posts: 30 Regular contributor ⭐
    good luck to you tomorrow
Privacy Policy