Syllabus B4. Relief for trading losses 4 / 7

a) Explain the alternative loss reliefs available to a sole trader
    i) s.64 current and prior years 
    ii) s.83carryforward.
b) Demonstrate the best use of a loss relief claim 
    i) save the highest amount of tax
    ii) timing
    iii) protection of personal allowances.
Relief for trading losses