Carrying back losses from 2009/10 to 2008/09 Is it all or nothing?

I am considering carrying back losses from 2009/10 in order to reduce my tax bill due 31 January.

If I elect to do this do I have to carry back all the losses (insomuch as they cover the profits) or can I be cute and safeguard my personal allowance?

Thank you and Happy Christmas

Comments
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More complex

petersaxton |
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Thanks Peter

Anonymous |

What does this say to you?

petersaxton |
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Terrible

Anonymous |

Yes, terrible and ill-informed

Anonymous |

Anonymous?

petersaxton |
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No

Anonymous |

Subscription based

petersaxton |
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Yes

Euan MacLennan |
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Euan

nogammonsinanundoubledgame |
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Various options

petersaxton |
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Carry back of 2009-10 trading loss to 2008-09

Ronnie Stanley |
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.

Anonymous |

Faye

Anonymous |