Overlap Relief

T.C.
T.C. Registered, Tutor Posts: 1,448 Beyond epic contributor 🧙‍♂️
Mind block today - I have taken a new client who has supplied me with a copy of his last tax return. There is an overlap relief carried forward - what do I do with this?...carry it forward again?

Comments

  • Monsoon
    Monsoon Registered Posts: 4,071 Beyond epic contributor 🧙‍♂️
    Yes. You carry any overlap profit forward until they can use the relief - which is on cessation, or partially on change of accounting date.
  • T.C.
    T.C. Registered, Tutor Posts: 1,448 Beyond epic contributor 🧙‍♂️
    Thank you!
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