Business Tax Assessment 2.8

skandwm15

Hello,
I'm struggling with trading losses and when to carry the loss forward / backward / current year. Any help would be appreciated!

Tomal123

im now stuck on this too, can anyone help us out please

Dervish_Life

Hi, based on the scenario, with my previous hands on experience at a practice, for tax calculations, we would always use the current period loss or previous loss to offset the profits and then calculate the taxable amount.

I can give exact reply for the scenario but please kindly let me know if you can choose the answer on the right multiple times for each person, or it is just one choice on right matched with the left?

Tomal123

Dervish_Life said:

Hi, based on the scenario, with my previous hands on experience at a practice, for tax calculations, we would always use the current period loss or previous loss to offset the profits and then calculate the taxable amount.

I can give exact reply for the scenario but please kindly let me know if you can choose the answer on the right multiple times for each person, or it is just one choice on right matched with the left?

Hi one choice each all three answers are different so you don't choose the answer on the right multiple times