Sole Trader Losses now Partnership

Sole Trader Losses now Partnership

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This may seem a simple question.

I have a client who has made losses for the past few years. It has now come to light that a partner is now going to come on board. As the partnership is the same business would I be able to utilise losses against future profits, and are there any other consideration I may need to take into accounts.

I would be grateful for any comments.

Stephen Milton

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