Offsetting Losses in Ireland Against UK Income
Antoinnette
Registered Posts: 118 Beyond epic contributor 🧙♂️
Hi everyone,
I am filing a SA return for my friend who is Irish and used to live and work there before moving to the UK last year. She still goes to work in Ireland every eight weeks. Basically she doesn't have a very profitable business (Naturopath) and has made a lot of losses. She has just got a part time job here to supplement her income but uses a secondary tax code so doesn't have tax deducted from source. So there will be no tax paid at all to start with.
She seems to think she can offset her losses from Ireland against her UK Income. I dont think she can but I though I would ask anyway just to be sure.:001_smile:
I am filing a SA return for my friend who is Irish and used to live and work there before moving to the UK last year. She still goes to work in Ireland every eight weeks. Basically she doesn't have a very profitable business (Naturopath) and has made a lot of losses. She has just got a part time job here to supplement her income but uses a secondary tax code so doesn't have tax deducted from source. So there will be no tax paid at all to start with.
She seems to think she can offset her losses from Ireland against her UK Income. I dont think she can but I though I would ask anyway just to be sure.:001_smile:
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