Losses brought forward | AccountingWEB

Losses brought forward

My client has trade losses brought forward of £30,562. Curreny year profits are £23,407. My tax software (BTC) is forcing me to offset the whole £23,407 of brought forward losses against this years profit. Is that correct? can I not restrict the loss off set so as not to "waste" the personal allowance of this year?

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The tax software is correct. 

dreamcatcher |
dreamcatcher's picture


TheBooks |

Tax planning - Capital Allowances

DMGbus |
DMGbus's picture