I have inherited a client who has just retired and ceased trading producing a 20 months accounting period for the final tax year 2013/14. Am I correct in saying that he could claim ALL of his brought forward overlap relief? i.e. I do not need to apportion it because the final period is more than 12 months?
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Two or three years
That's a long period. Does it cover two or three tax years ?
You might like to consider splitting that 20 months in two. Might give you a better tax outcome .......