Overlap Relief
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?
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Comments
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Yes. You carry any overlap profit forward until they can use the relief - which is on cessation, or partially on change of accounting date.0
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Thank you!0
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