I have been self employed since 2009. My 2009/10 Tax Return showed a loss of £5,000 and in 2010/11 I made a a small loss of £2,000. My 2011/12 accounts are showing a profit of £8,000. Can I offset the previous losses against the profit I have made in the current year?
0 Answers
Be the first to answer
Do you want to answer this question? You need to be signed in for this feature
Be the first to ask a question
{{ question.answerCount }} Answers
Copyright © lovemoney.com All rights reserved.
loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom.
Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards.
While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.
05 September 2012