Losses for first 12 months to 30.06.04 £24,000 (Trading 6,000 Capital Allowances 18,000). Losses for final 15 months to 30.09.05 £12,000 (Trading 2,000 Capital Allowances 10,000). S381 claims made for 03/04 (01.07.03 -05.04.04)£18,000, and 04/05 (06.04.04 - 30.06.04) £6,000. Are final period losses of £10,000 all attributable to 05/06 (Accounting period ended 30.09.05) or am I right in splitting them between 04/05 (01.07.04 - 05.04.05)£7,200 and 05/06 (06.04.05 - 30.09.05) £4,800? Also am I correct that S381 loss claim for relevant periods takes priority over S388 terminal loss claim?
tom symons
22nd Aug 2006
0
Losses in short life business!
Losses in short life business!