Business tax - overlapping profits

oli Registered Posts: 88 Regular contributor ⭐
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
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
    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
    oli Registered Posts: 88 Regular contributor ⭐
    Thanks for that Bluewednesday, I will revise the diagram as much as I can, I will have to do more examples aswell
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