Help understanding Current Year Relief, Carry Back Relief and Carry Forward Relief...

JakkiMitchell
JakkiMitchell Registered Posts: 11 New contributor 🐸
in AAT Level 4 (Level 8 in Scotland)
Business Tax Unit 18

Hi all,

Would someone be so kind as to help me understand when I should use the correct relief?

I am using the Kaplan book, but still having trouble working out which relief should be used when?!

Has someone got an easy method they could share?

Many Thanks :o)

Comments

  • wolfe
    wolfe Registered Posts: 121 Dedicated contributor 🦉
    hi

    cf relief is automatically given if the other 2 are not claimed.

    to claim cb relief u have to claim current period relief.

    so
    - just cf
    - current , cb and if required cf
    -current and cf

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