In the year to 31 March 2023, a company which has no income other than trading income

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In the year to 31 March 2023, a company which has no income other than trading income incurs a trading loss of £42,000.

The company's trading income was £110,000 for the year to 31 March 2022 and is £127,000 for the year to 31 March 2024. Identify the most effective form of tax relief which the company could claim in relation to the trading loss.

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Taxation Finance Act 2023

ISBN: 9781292461083

29th Edition

Authors: Alan Melville

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Question Posted: May 03, 2024 07:00 AM

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In the year to 31 March 2023, a company which has no income other than trading income

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If the loss is carried back to the previous year the tax l...View the full answer

Taxation Finance Act 2023

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