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Search results: 5 article(s) found in topic: Income tax - keyword: Losses

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IN THIS ISSUE - TRADING LOSSES

Tax planning with trading losses

When your self-employed clients incur a loss, there may be several options available to relieve it, though there are restrictions in place which mean that the default option to carry forward the loss is wasteful. So what are the various options, when will each be most beneficial, and why might it sometimes be worth using income losses to offset capital gains? More...

NEW BUSINESS TAX RELIEFS

Getting the most for start-up clients

You’re likely to come across plenty of clients who are newly established in business. Naturally, they will look to you for advice on available tax breaks. What type of things do you need to look for, and how can they result in more money for your clients? More...

INCOME TAX LOSSES

When is it worth offsetting losses against capital gains?

When your clients make a trading loss, there are a number of options for its utilisation. One of the least well-known is offsetting capital gains. When might it be worth using this, and how do you go about it? More...

INCOME TAX

When is a loss not a loss for tax purposes?

A First-tier Tribunal case highlights the importance of demonstrating that a business is being operated on a commercial basis. How can you protect clients who make repeated losses from a potential assessment? More...

INCOME TAX LOSSES

Ensure an income tax loss claim is valid

With HMRC under pressure to increase the amount of tax collected, a number of 2013 and 2014 cases confirm that it’s looking more closely at income tax loss claims. How can clients ensure that their loss claims will be accepted? More...
Last updated: 14.12.2018

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