BTax (Losses for sole traders, partnerships and limited companies)
BlueJeans
Registered Posts: 56
Hi all!
Just not getting it !!! Help please....
Results for Blenken Ltd: Year ended Year ended Year ended
31 March 2013 31 March 2014 31 March 2015
Trading profit / (loss) £45,200 (£63,580) £17,000
Chargeable gains / £14,000 £8,450 (£10,900)
(capital loss
Gross interest received £3,200 £3,800 £4,100
Gift aid £2,000 £2,000 £2,000
(i) How much of the trading loss made in the year ended 31 March 2014 can be relieved against income in the year ended 31 March 2013?
(ii) How much of the trading loss made in the year ended 31 March 2014 can be relieved against income in the year ended 31 March 2014?
(iii) How much of the trading loss made in the year ended 31 March 2014 can be relieved against the income in the year ended 31 March 2015?
(iv) How much of the capital loss made in the year ended 31 March 2015 can be carried forward to any gains made in the year ended 31 March 2016?
Just not getting it !!! Help please....
Results for Blenken Ltd: Year ended Year ended Year ended
31 March 2013 31 March 2014 31 March 2015
Trading profit / (loss) £45,200 (£63,580) £17,000
Chargeable gains / £14,000 £8,450 (£10,900)
(capital loss
Gross interest received £3,200 £3,800 £4,100
Gift aid £2,000 £2,000 £2,000
(i) How much of the trading loss made in the year ended 31 March 2014 can be relieved against income in the year ended 31 March 2013?
(ii) How much of the trading loss made in the year ended 31 March 2014 can be relieved against income in the year ended 31 March 2014?
(iii) How much of the trading loss made in the year ended 31 March 2014 can be relieved against the income in the year ended 31 March 2015?
(iv) How much of the capital loss made in the year ended 31 March 2015 can be carried forward to any gains made in the year ended 31 March 2016?
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