Business tax - overlapping profits

oli

Hi there,

I seem to be having a problem with overlapping profits, the 1st tax year I'm fine with its the 2nd year that I seem to get confused with, does anyone have any ways to learn the 2nd tax year? The osborne book paragraph just doesn't make sense.

Any help would be much appreciated :-)

Bluewednesday

Has the Osborne book got the flow diagram in it? If so that is the best way to learn it and there is no shortcut, you just have to follow the diagram through with lots of examples and it will click into place

oli

Thanks for that Bluewednesday, I will revise the diagram as much as I can, I will have to do more examples aswell