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Loss last year vs profit this year

Posted 11 August 2014

If I made a loss in my business last year can I take that loss into account when I'm doing my company tax this year if I am making a profit

TaxTim TaxTim says:
12 August 2014 at 11:15

Yes you can, if it is personal business - not an actual company, then you click yes to the question which asks if you wish to ring-fence the loss.

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