CT terminal loss relief

CT terminal loss relief

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Company ceased trading 30th June 2007

Results have been as follows:

Year ended 31/3/04 CAse 1 £203952
Interest recd 5509
Total 209461

Year ended 31/3/05 Case 1 £4004
Int 8293
Total 12297
Losses carried back from 31/3/06 -12297
Assessable Nil

Year ended 31/3/06 Case 1 loss -64311
set off interest current year 7306
Carry back to 31/3/05 12297

Year ended 31/3/07 Case 1 loss -101050
Current year interest 7087

Three months ended 30/6/07 case 1 loss -104028
Interest 1722

Is the terminal loss claim:
Loss 3 months to 30/6/07 -104028
9/12 x 31/3/07 -101050 - 75787
Total -179815
less interest relieved 1722+7087 8809
Available 171006

Relief restricted to 9/12 x
Year 31/3/04 1/7/03 - 31/3/04 = 9/12 x 209461 = 157096
1/4/04-30/6/04 3/12 x 12297 3074 already relieved

Available for set off 157096

At a loss

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