Losses

Moobag
Moobag Registered Posts: 59 Regular contributor ⭐
edited 12:14PM in AAT member discussion
I Have a client with to trade streams. One has made a loss and the other a profit, can I offset the loss against the profit. I didn't think I could as they are very different types of income ie Milking and Photography! However I also seem to recall reading somewhere that I could, any help greatly appreciated.

Comments

  • T.C.
    T.C. Registered, Tutor Posts: 1,430 Beyond epic contributor 🧙‍♂️
    If you put both sets of self-employment income into the tax return online, one will automatically be offset against the other.

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