Carry forward losses - Best Use of AIA | AccountingWEB

Carry forward losses - Best Use of AIA

Hi All,

Our first period of trading (16 months to Feb 12) has given us losses of about 8k. We have AIA (and FYA) available totalling  about 5k.

We anticipate profits (5-8k) in next 12 months to Feb 13 and profits (50k+) in following year.

Should we claim the allowance now and carry forward additional losses or claim later when we are making the profits?



There are 3 comments. Login or register to view them.

It depends

ACDWebb |
ACDWebb's picture

Carry back of losses

DMGbus |
DMGbus's picture

Thanks. I should have

Quentin Crispbread |