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Related UK Tax Questions
I'm preparing my tax return and have a few questions related
Hi, I'm preparing my tax return and have a few questions related to: 1) Expenses for a new business that hasn't received any revenue yet (in two years) but I have incurred expenses - how to treat them… read more
Sam
Sam
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Higher Officer HMRC
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Suppose a Limited UK company, owned by a UK resident, traded
Suppose a Limited UK company, owned by a UK resident, traded for many years and accumulated losses. It has since stopped trading for more than a year (it became dormant, with no staff, no office etc.)… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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A self employed person has losses brought forward. Must they
Hi Tony, a self employed person has losses brought forward. Must they use them in the following year against any profit made? Am I correct in thinking you can't keep them and offset them in a future y… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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My company has a £10,000 trade loss brought forward 1.1.12
My company has a £10,000 trade loss brought forward 1.1.12 -current year trading to 31.12.12. £1,000 loss -so total trade losses 31.12.12. £11,000. I have a Capital Gain in the company to 31.12.12. of… read more
Sam
Sam
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My company has made made losses which have been brought forward.
My company has made made losses which have been brought forward. In order to save it I have sold company proerty and made gains. My accountant tells me that I cannot set off losses brought forward aga… read more
taxadvisor.uk
taxadvisor.uk
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A UK based limited company, whose principal activities are
A UK based limited company, whose principal activities are the management & development of property (in the UK, specifically in the RBKC in London), acquired 117647 ordinary 4p shares in an unquoted c… read more
berduchwal
berduchwal
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i have agreed losses brought forward and accumulated over many
i have agreed losses brought forward and accumulated over many years via share trading. can i offset against present or future pension for refund of income tax.can i obtain assessment or reassessment … read more
Tony Tax
Tony Tax
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High School or GED
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Hi Andrew, another question for you - you wont recall what
Hi Andrew, another question for you - you wont recall what I said in my other question, perhaps, but I live outside UK and am completing UK tax return for a flat I rent out and has never made a profit… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
I have made a gain on the sale of a farm and am liable for
I have made a gain on the sale of a farm and am liable for CGT of 20,000 I have trading losses in other businesses. Can I set one off against the other? I also have current trading losses which I coul… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,762 satisfied customers
1) I want to set up a website. Chances are it will not make
1) I want to set up a website. Chances are it will not make any money. Is there any way I can offset the loss I make against my income tax? I do not want to set up a limited company at the outset due … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,762 satisfied customers
Mr S bought a car registration plate 30 years ago for 15,000.
Mr S bought a car registration plate 30 years ago for £15,000. Mr S is a controlling shareholder in a successful building company which is still bringing forward losses from earlier years and he wants… read more
Sam Pathak
Sam Pathak
Chartered Tax Adviser
Master's Degree
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when applying the amount of capital gains you need to pay after
when applying the amount of capital gains you need to pay after selling a small business ,do you take into account any losses you have made at the time of selling.… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
2 years ago I was involved in an unsuccessful company that
2 years ago I was involved in an unsuccessful company that I loaned approx £100,000 to, sourced from a sale of shares (my unofficial pension) and savings. The shares were not in the failed company in … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
i put down a 100k deposit on a property deal i was unable to
i put down a 100k deposit on a property deal i was unable to complete and lost my deposit as over the last 3years i have paid over a 100k in income tax can i now claim a tax rebate to cover this huge … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,762 satisfied customers
I have a corporate client that made a large capital gain ( 170,000)
I have a corporate client that made a large capital gain (£170,000) on the sale of properties in the same year he has made a trading loss of over £20,000 and in the following year has made a trading l… read more
Sam
Sam
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Higher Officer HMRC
6,762 satisfied customers
Hi there Companies A and B are both wholly owned subsidiaries
Hi there Companies A and B are both wholly owned subsidiaries of Company H, an off shore company. My client is thinking of buying company X, and setting up a Group for CT purposes. A and B have accumu… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
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I set up a childrens clothing co as a ltd co in 2000/01 with
I set up a childrens clothing co as a ltd co in 2000/01 with a friend and lent some money, around £20K. It stopped trading on 13/02/2003 , the last VAT return was May03, insurance refund Sep03 and rem… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
i bought a holiday let for 250k and sold it 18months later
i bought a holiday let for 250k and sold it 18months later for 350k - i then bought another holiday let for 250k. I also have buy to let rental properties and i am carrying forward losses from this. C… read more
TEAP007
TEAP007
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FCCA FCMA CGMA ACIS

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Tax Preparer

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Qualified accountant and bookkeeper running my own practice since 2008.

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Clare

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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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