TXF6 UK

Syllabus B3i. Trading Loss Relief 8 / 16

B3i)
i) Understand how trading losses can be carried forward.
ii) Understand how trading losses can be claimed against total income and chargeable gains, and the restriction that can apply.
iii) Explain and compute the relief for trading losses in the early years of a trade.
iv) Explain and compute terminal loss relief.
v) Recognise the factors that will influence the choice of loss relief claim.

E2e) Understand how trading losses can be carried forward (Corporation tax liabilities)
E2f) Understand how trading losses can be claimed against income of the current or previous accounting periods.
Trading Loss Relief