FYA's and Limited Co

FYA's and Limited Co

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I have a client (limited co) which will not make any profits until year 3.
Am I correct in thinking that I should claim FYA's on Plant in order to ensure that the maximium possible loss is carried forward to offset against future profits ?
Only possible arguement against is that not claiming any CA's would allow for more manipulation in year 3 to avoid marginal rate ?
Thanks for any answers.
Mr Phillips

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By AnonymousUser
27th Mar 2007 13:05

Yes
Claiming will increase the losses available to be carried forward and, if trading profits are expected, CAs should be claimed. If there are likely to be other profits, capital gains for example, don't claim allowances now, increasing the allowances to be claimed in the future.

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