A trade starts and endd in the same tax year, sole trafe. Same individual starts a new unrelated trade a few months later. Insufficient income in that year or previous three years to utilise the loss.
Can it be carried forward to offset against any other future income, such as profits in the new trade, or is it simply lost?
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Lost
You can only carry forward trading losses to offset against future profits of the same trade.
Even if the new activity had been similar had there clearly been a cessation of the old trade and a start up of the new (similar) activity you could not carry the losses over.