Sorry to ask what might be a daft question to some, but I have two limited
companies, one of which has made a nice profit and the other a small loss. Is it possible to use the loss from the loss making company to reduce the taxable profit of the other? My accountant say not so and I suspect this is the case - but I thought I would just ask!
It might be important to add that the loss making company has only one issued share which is owned by the profit making company.