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Tony Tax
Tony Tax, Tax Consultant
Category: UK Tax
Satisfied Customers: 15658
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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How to find out what overlap relief due on cessation original

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How to find out what overlap relief due on cessation original records not available

When did the business commence exactly?
Customer: replied 3 years ago.

first account1/8/86 to 31/7/87


You need to know the pre capital allowances adjusted profit for the first accounting period which started after 5 April 1996 to work out your overlap relief.

I'm afraid that if you don't have access to records and accounts as far back as 1996/97 then your only option is to call the tax office and ask if they have the figures. I've had limited success doing that. Other than that, all you can do is put in an estimate.

i hope this helps but let me know if you have any further questions.
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